CCLA Investment Management increased its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 317,942 shares of the business services provider’s stock after purchasing an additional 3,181 shares during the quarter. S&P Global makes up about 2.2% of CCLA Investment Management’s holdings, making the stock its 7th biggest position. CCLA Investment Management owned approximately 0.10% of S&P Global worth $142,528,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Pineridge Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at $26,000. Sachetta LLC boosted its holdings in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in S&P Global during the second quarter valued at about $31,000. First Pacific Financial increased its holdings in S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares during the last quarter. Finally, Frazier Financial Advisors LLC bought a new stake in S&P Global in the fourth quarter worth about $36,000. 87.17% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. BMO Capital Markets boosted their target price on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays increased their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Oppenheimer lifted their price objective on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $548.18.
S&P Global Stock Down 0.9 %
NYSE:SPGI opened at $522.41 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50-day moving average price is $496.16 and its 200-day moving average price is $453.28. The company has a market capitalization of $163.46 billion, a PE ratio of 58.57, a P/E/G ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02.
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the firm posted $3.12 earnings per share. S&P Global’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts predict that S&P Global Inc. will post 14.58 EPS for the current fiscal year.
S&P Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.
Insider Buying and Selling at S&P Global
In other news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction 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 directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Robert P. Kelly sold 7,662 shares of the firm’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 sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is 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.
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