Kanawha Capital Management LLC Purchases 3,991 Shares of S&P Global Inc. (NYSE:SPGI)

Kanawha Capital Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 52.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,640 shares of the business services provider’s stock after acquiring an additional 3,991 shares during the quarter. Kanawha Capital Management LLC’s holdings in S&P Global were worth $6,013,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of S&P Global during the 1st quarter worth about $2,236,000. O Shaughnessy Asset Management LLC lifted its stake in shares of S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after buying an additional 6,162 shares during the last quarter. Nwam LLC boosted its holdings in shares of S&P Global by 45.5% during the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after buying an additional 326 shares during the period. Finally, Banco Santander S.A. grew its stake in S&P Global by 38.9% in the 1st quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock valued at $6,252,000 after buying an additional 4,114 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $483.31 on Monday. S&P Global Inc. has a 1 year low of $365.00 and a 1 year high of $533.29. The stock has a market capitalization of $149.97 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03. The company’s 50 day simple moving average is $512.45 and its 200 day simple moving average is $473.62.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the company posted $3.21 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, research analysts predict that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Bank of America boosted their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company upped their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Oppenheimer upped 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 note on Thursday, October 3rd. Finally, Barclays lifted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $571.31.

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.