Simon Quick Advisors LLC Buys 279 Shares of S&P Global Inc. (NYSE:SPGI)

Simon Quick Advisors LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,718 shares of the business services provider’s stock after acquiring an additional 279 shares during the quarter. Simon Quick Advisors LLC’s holdings in S&P Global were worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Janney Capital Management LLC lifted its stake in shares of S&P Global by 2.7% in the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after purchasing an additional 461 shares during the period. Artisan Partners Limited Partnership increased its stake in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares during the period. Locust Wood Capital Advisers LLC boosted its position in shares of S&P Global by 2.3% during the fourth quarter. Locust Wood Capital Advisers LLC now owns 247,933 shares of the business services provider’s stock worth $109,219,000 after purchasing an additional 5,603 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of S&P Global by 1.1% in the 4th quarter. Stifel Financial Corp now owns 475,930 shares of the business services provider’s stock valued at $209,670,000 after buying an additional 5,087 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPGI shares. Oppenheimer raised their price objective on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. UBS Group raised their target price on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Morgan Stanley upped their price target on shares of S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. Finally, Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $530.75.

S&P Global Trading Up 0.5 %

S&P Global stock opened at $513.31 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50-day moving average of $483.99 and a 200-day moving average of $447.50. The company has a market cap of $160.61 billion, a price-to-earnings ratio of 57.55, a P/E/G ratio of 2.67 and a beta of 1.16. S&P Global Inc. has a one year low of $340.49 and a one year high of $517.46.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the company earned $3.12 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts expect that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 over the last quarter. 0.10% of the stock is currently owned by insiders.

S&P Global 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.