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

Vanguard Personalized Indexing Management LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 7.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 29,226 shares of the business services provider’s stock after purchasing an additional 1,951 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in S&P Global were worth $13,035,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPGI. Swedbank AB bought a new stake in shares of S&P Global during the first quarter worth $351,774,000. Capital International Investors grew its position in S&P Global by 12.6% in the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after purchasing an additional 616,732 shares in the last quarter. Assenagon Asset Management S.A. grew its position in S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after purchasing an additional 360,909 shares in the last quarter. Third Point LLC bought a new position in S&P Global in the first quarter valued at $142,526,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in S&P Global by 348.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 336,640 shares of the business services provider’s stock valued at $148,284,000 after purchasing an additional 261,526 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their price objective on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Bank of America lifted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Morgan Stanley lifted their price objective 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. Two equities 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global Stock Performance

NYSE SPGI opened at $522.41 on Wednesday. The firm has a 50-day moving average of $496.16 and a 200-day moving average of $453.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market cap 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 52-week low of $340.49 and a 52-week high of $528.02.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the company posted $3.12 EPS. S&P Global’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Announces Dividend

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

Insiders Place Their Bets

In other S&P Global news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 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 approximately $74,915,443.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 in the last quarter. 0.10% of the stock is currently owned by corporate 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.