S&P Global Inc. (NYSE:SPGI) Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,550 shares of the business services provider’s stock after acquiring an additional 150 shares during the quarter. S&P Global makes up about 2.7% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 9th biggest position. Schwartz Investment Counsel Inc.’s holdings in S&P Global were worth $72,497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Private Wealth Management Group LLC acquired a new position in shares of S&P Global during the fourth quarter worth about $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at approximately $26,000. Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global in the second quarter valued at approximately $31,000. First Pacific Financial grew its holdings in S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after acquiring an additional 24 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new position in S&P Global in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated 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 $715,205.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on 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 $6,496,816.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the company’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 $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.4 %

NYSE SPGI traded up $1.87 on Friday, reaching $500.59. The stock had a trading volume of 679,849 shares, compared to its average volume of 1,240,709. The company has a current ratio of 1.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $156.63 billion, a price-to-earnings ratio of 56.12, a P/E/G ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $502.95. The business has a 50 day moving average price of $473.07 and a 200 day moving average price of $443.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.12 earnings per share. On average, analysts forecast 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. Investors 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 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global’s dividend payout ratio is 40.81%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. BMO Capital Markets boosted their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer boosted their target price on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their target price on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $530.75.

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.