Dumont & Blake Investment Advisors LLC Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

Dumont & Blake Investment Advisors LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 50.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 562 shares of the business services provider’s stock after selling 562 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in S&P Global were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. HWG Holdings LP increased its stake in S&P Global by 2,352.5% during the 3rd quarter. HWG Holdings LP now owns 1,496 shares of the business services provider’s stock worth $773,000 after buying an additional 1,435 shares during the period. Blackston Financial Advisory Group LLC boosted its position in shares of S&P Global by 58.8% during the 3rd quarter. Blackston Financial Advisory Group LLC now owns 856 shares of the business services provider’s stock worth $442,000 after acquiring an additional 317 shares in the last quarter. Ballentine Partners LLC increased its stake in S&P Global by 6.9% in the third quarter. Ballentine Partners LLC now owns 6,730 shares of the business services provider’s stock valued at $3,477,000 after purchasing an additional 437 shares during the last quarter. Busey Bank raised its stake in S&P Global by 20.7% during the 3rd quarter. Busey Bank now owns 735 shares of the business services provider’s stock worth $380,000 after acquiring an additional 126 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC purchased a new position in S&P Global during the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent research reports. Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $569.77.

Insider Activity at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders 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.

S&P Global Stock Performance

Shares of SPGI stock opened at $490.61 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. The company’s 50-day simple moving average is $513.83 and its 200-day simple moving average is $470.17. The stock has a market capitalization of $153.56 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 2.76 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $3.21 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 14.79 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business 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 dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is presently 34.50%.

S&P Global 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.