Mather Group LLC. Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

Mather Group LLC. grew its holdings in S&P Global Inc. (NYSE:SPGI) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,596 shares of the business services provider’s stock after acquiring an additional 43 shares during the period. Mather Group LLC.’s holdings in S&P Global were worth $2,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SPGI. Janney Capital Management LLC boosted its holdings in shares of S&P Global by 2.7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after purchasing an additional 461 shares during the period. Arkadios Wealth Advisors grew its position in shares of S&P Global by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after buying an additional 87 shares in the last quarter. Artisan Partners Limited Partnership increased its stake in shares of S&P Global by 15.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after buying an additional 190,758 shares during the period. Citizens Financial Group Inc. RI raised its holdings in shares of S&P Global by 54.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after acquiring an additional 1,115 shares in the last quarter. Finally, Aspiriant LLC purchased a new stake in S&P Global in the fourth quarter worth about $398,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.6 %

Shares of NYSE SPGI traded up $7.62 during trading on Tuesday, reaching $479.61. 1,473,515 shares of the stock were exchanged, compared to its average volume of 1,264,192. The business’s 50-day moving average price is $456.28 and its 200 day moving average price is $439.04. The company has a market capitalization of $150.12 billion, a price-to-earnings ratio of 53.77, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $502.95. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results 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. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the business posted $3.12 earnings per share. S&P Global’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities analysts forecast that S&P Global Inc. will post 14.58 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, September 11th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Analyst Ratings Changes

Several research firms have recently commented on SPGI. Morgan Stanley boosted their price target on shares of S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. BMO Capital Markets boosted their price objective on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group lifted their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Bank of America upped their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Oppenheimer lifted their price objective on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $526.73.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’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 $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,200 shares of company stock worth $4,958,160. 0.10% of the stock is currently owned by insiders.

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.