Vanguard Personalized Indexing Management LLC Has $13.04 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Vanguard Personalized Indexing Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,226 shares of the business services provider’s stock after purchasing an additional 1,951 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in S&P Global were worth $13,035,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new stake in S&P Global during the fourth quarter valued at $26,000. Sachetta LLC lifted its position in shares of S&P Global by 103.4% in the second 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 acquired a new stake in shares of S&P Global in the second quarter worth about $31,000. First Pacific Financial lifted its position in shares of S&P Global by 49.0% in 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 acquired a new stake in shares of S&P Global in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock valued at $8,645,727 in the last three months. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. UBS Group boosted their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Morgan Stanley boosted their price objective on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Finally, Stifel Nicolaus boosted their price objective on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global Trading Down 0.9 %

SPGI stock opened at $522.41 on Wednesday. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02. The firm has a market cap of $163.46 billion, a P/E ratio of 58.57, a P/E/G ratio of 2.68 and a beta of 1.17. The business’s 50 day moving average is $496.16 and its 200-day moving average is $453.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.37. The company 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 company’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.12 EPS. Equities analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

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.