Richard W. Paul & Associates LLC Has $619,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Richard W. Paul & Associates LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 1,387 shares of the business services provider’s stock after buying an additional 73 shares during the period. Richard W. Paul & Associates LLC’s holdings in S&P Global were worth $619,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in SPGI. J.W. Cole Advisors Inc. bought a new position in shares of S&P Global in the fourth quarter valued at approximately $201,000. Verdence Capital Advisors LLC boosted its stake in S&P Global by 4.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 1,359 shares of the business services provider’s stock worth $599,000 after purchasing an additional 55 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of S&P Global by 23.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 957 shares of the business services provider’s stock worth $422,000 after purchasing an additional 183 shares during the last quarter. MCF Advisors LLC increased its stake in shares of S&P Global by 141.7% in the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after buying an additional 51 shares in the last quarter. Finally, RWA Wealth Partners LLC bought a new position in shares of S&P Global in the fourth quarter valued at about $3,068,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Oppenheimer boosted their price objective on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets lifted 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 upped their price target on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley boosted their price objective on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a report on Friday, July 5th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

Insider Transactions at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of the company’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 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 $715,205.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert P. Kelly sold 7,662 shares of the business’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 value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last 90 days. 0.10% of the stock is owned by company insiders.

S&P Global Trading Up 0.0 %

S&P Global stock traded up $0.10 during midday trading on Thursday, hitting $499.08. 1,347,699 shares of the stock were exchanged, compared to its average volume of 1,244,537. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $502.95. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $156.16 billion, a PE ratio of 55.95, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a fifty day simple moving average of $471.75 and a two-hundred day simple moving average of $442.92.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.42 billion. During the same period last year, the firm posted $3.12 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.73%. S&P Global’s dividend payout ratio (DPR) 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.