S&P Global Inc. (NYSE:SPGI) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 31.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,515 shares of the business services provider’s stock after purchasing an additional 604 shares during the period. GAMMA Investing LLC’s holdings in S&P Global were worth $1,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Private Wealth Management Group LLC acquired a new position in S&P Global in the 4th quarter worth about $26,000. Pineridge Advisors LLC purchased a new position in shares of S&P Global during the 4th quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group lifted its position in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares in the last quarter. Frazier Financial Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at $36,000. Finally, MCF Advisors LLC increased its holdings in S&P Global by 141.7% in the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Edouard Tavernier sold 500 shares of the firm’s 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 $6,496,816.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the business’s 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 owns 1,455 shares in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Stifel Nicolaus boosted their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets raised their target price 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. Finally, Royal Bank of Canada increased their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $526.73.

S&P Global Stock Down 2.8 %

Shares of NYSE:SPGI traded down $13.46 during trading on Monday, hitting $472.58. The company’s stock had a trading volume of 865,498 shares, compared to its average volume of 1,258,035. The company has a market capitalization of $147.92 billion, a PE ratio of 53.02, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 1.03. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $502.95. The business has a 50 day moving average price of $455.60 and a two-hundred day moving average price of $438.82.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the business earned $3.12 EPS. S&P Global’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.77%. S&P Global’s dividend payout ratio is currently 40.81%.

S&P Global Company 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.