Bell Bank Sells 241 Shares of S&P Global Inc. (NYSE:SPGI)

Bell Bank lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,376 shares of the business services provider’s stock after selling 241 shares during the period. Bell Bank’s holdings in S&P Global were worth $1,227,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Dupont Capital Management Corp increased its position in S&P Global by 27.1% during the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after buying an additional 6,025 shares during the last quarter. Entropy Technologies LP increased its holdings in shares of S&P Global by 32.3% during the 1st quarter. Entropy Technologies LP now owns 2,893 shares of the business services provider’s stock worth $1,231,000 after acquiring an additional 706 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in S&P Global by 3.5% in the 1st quarter. HBK Sorce Advisory LLC now owns 3,570 shares of the business services provider’s stock valued at $1,519,000 after acquiring an additional 122 shares during the period. Wilkins Investment Counsel Inc. acquired a new stake in S&P Global during the 1st quarter valued at $228,000. Finally, Dorsey & Whitney Trust CO LLC boosted its position in S&P Global by 1.0% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,077 shares of the business services provider’s stock worth $1,309,000 after purchasing an additional 30 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Oppenheimer raised their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Royal Bank of Canada raised their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Morgan Stanley lifted their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets decreased their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

SPGI stock opened at $510.29 on Thursday. The company’s 50-day moving average price is $510.80 and its two-hundred day moving average price is $477.67. The firm has a market cap of $158.34 billion, a P/E ratio of 45.04, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $398.73 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.21 earnings per share. On average, analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. 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 (DPR) is presently 32.13%.

About S&P Global

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.