Keynote Financial Services LLC Purchases New Shares in S&P Global Inc. (NYSE:SPGI)

Keynote Financial Services LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 770 shares of the business services provider’s stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Private Wealth Management Group LLC purchased a new stake in S&P Global in the 4th quarter worth about $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group lifted its stake in S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in S&P Global in the 4th quarter worth about $36,000. Finally, Palisade Asset Management LLC purchased a new stake in S&P Global in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group raised their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. BMO Capital Markets raised their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank of Canada raised their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays raised their price target on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $526.73.

S&P Global Stock Down 0.9 %

Shares of NYSE SPGI traded down $4.49 during mid-day trading on Friday, reaching $486.04. 1,214,394 shares of the company traded hands, compared to its average volume of 1,127,889. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 1.03. The stock has a market cap of $152.13 billion, a PE ratio of 54.49, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The company’s fifty day moving average is $455.60 and its two-hundred day moving average is $438.81. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $502.95.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.12 EPS. On average, analysts expect that S&P Global Inc. will post 14.58 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is currently 40.81%.

Insiders Place Their Bets

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.