UMB Bank n.a. Sells 286 Shares of S&P Global Inc. (NYSE:SPGI)

UMB Bank n.a. decreased its stake in S&P Global Inc. (NYSE:SPGI) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,690 shares of the business services provider’s stock after selling 286 shares during the period. UMB Bank n.a.’s holdings in S&P Global were worth $3,973,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPGI. Sachetta LLC boosted its stake in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in shares of S&P Global in the 4th quarter valued at $26,000. HWG Holdings LP purchased a new stake in shares of S&P Global in the 2nd quarter valued at $27,000. Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global in the 2nd quarter valued at $31,000. Finally, First Pacific Financial boosted its stake in shares of S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock valued at $8,645,727 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer increased their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $560.83.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $515.12 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02. The company has a market capitalization of $161.23 billion, a P/E ratio of 48.83, a P/E/G ratio of 2.91 and a beta of 1.18. The firm’s 50 day simple moving average is $506.53 and its two-hundred day simple moving average is $463.28.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the firm earned $3.12 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts expect that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 34.50%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.