Clear Rock Advisors LLC Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

Clear Rock Advisors LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 4.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,575 shares of the business services provider’s stock after purchasing an additional 220 shares during the quarter. Clear Rock Advisors LLC’s holdings in S&P Global were worth $2,372,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after buying an additional 24 shares during the period. Oakworth Capital Inc. increased its position in S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares during the last quarter. Independence Bank of Kentucky raised its stake in S&P Global by 1.7% during the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares during the period. Flputnam Investment Management Co. boosted its holdings in shares of S&P Global by 1.0% in the 4th quarter. Flputnam Investment Management Co. now owns 2,591 shares of the business services provider’s stock valued at $1,141,000 after purchasing an additional 25 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group grew its stake 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 during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 completion of the transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Morgan Stanley increased their target price on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets raised their price target on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Barclays increased their price objective on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $526.73.

S&P Global Stock Down 0.9 %

SPGI traded down $4.49 on Friday, reaching $486.04. The company’s stock had a trading volume of 1,214,394 shares, compared to its average volume of 1,127,889. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $502.95. The business’s 50 day moving average is $455.60 and its 200 day moving average is $438.79. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.92. The stock has a market cap of $152.13 billion, a price-to-earnings ratio of 54.49, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.12 EPS. As a group, research analysts forecast that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 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.