Baird Financial Group Inc. Has $83.09 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Baird Financial Group Inc. cut its stake in S&P Global Inc. (NYSE:SPGIGet Rating) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,576 shares of the business services provider’s stock after selling 5,140 shares during the period. Baird Financial Group Inc. owned about 0.08% of S&P Global worth $83,092,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Industrial Alliance Investment Management Inc. acquired a new position in shares of S&P Global in the 4th quarter worth approximately $25,000. Wolff Wiese Magana LLC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $25,000. Carolinas Wealth Consulting LLC raised its holdings in shares of S&P Global by 714.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC increased its holdings in S&P Global by 273.7% during the 1st quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 52 shares in the last quarter. Finally, Column Capital Advisors LLC increased its holdings in S&P Global by 7,700.0% during the 1st quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. 88.15% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 1.0 %

Shares of SPGI opened at $367.06 on Friday. S&P Global Inc. has a 52 week low of $311.87 and a 52 week high of $484.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $122.41 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.64 and a beta of 1.05. The business’s fifty day moving average price is $364.56 and its two-hundred day moving average price is $367.37.

S&P Global (NYSE:SPGIGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.10). S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned $3.62 earnings per share. The firm’s revenue for the quarter was up 42.1% on a year-over-year basis. On average, analysts predict that S&P Global Inc. will post 11.49 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 26th will be given a $0.85 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $3.40 annualized dividend and a dividend yield of 0.93%. S&P Global’s dividend payout ratio is currently 25.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on S&P Global from $540.00 to $434.00 in a report on Thursday, June 2nd. Oppenheimer raised their price target on S&P Global from $404.00 to $419.00 and gave the company an “outperform” rating in a report on Monday, August 29th. Redburn Partners assumed coverage on S&P Global in a report on Tuesday, May 17th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft dropped their price target on S&P Global from $483.00 to $418.00 in a report on Thursday, June 2nd. Finally, BMO Capital Markets dropped their price target on S&P Global from $433.00 to $365.00 in a report on Thursday, June 2nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $416.43.

Insider Transactions at S&P Global

In other news, insider Martina Cheung sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the transaction, the insider now directly owns 6,783 shares in the company, valued at approximately $2,616,745.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other S&P Global news, insider Martina Cheung sold 3,000 shares of S&P Global stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $385.78, for a total transaction of $1,157,340.00. Following the transaction, the insider now directly owns 6,783 shares in the company, valued at $2,616,745.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $377.13, for a total value of $2,828,475.00. Following the transaction, the chief executive officer now owns 174,890 shares in the company, valued at $65,956,265.70. The disclosure for this sale can be found here. Insiders have sold 27,150 shares of company stock worth $10,146,219 in the last three months. Insiders own 0.10% of the company’s stock.

S&P Global Profile

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

Further Reading

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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