S&P Global Inc. (NYSE:SPGI) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP cut its holdings in S&P Global Inc. (NYSE:SPGI) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 38,562 shares of the business services provider’s stock after selling 553 shares during the period. S&P Global makes up about 3.8% of Raub Brock Capital Management LP’s holdings, making the stock its 13th largest position. Raub Brock Capital Management LP’s holdings in S&P Global were worth $17,199,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPGI. Gilbert & Cook Inc. boosted its holdings in S&P Global by 7.8% in the fourth quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 83 shares in the last quarter. Aveo Capital Partners LLC purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $215,000. 9258 Wealth Management LLC boosted its holdings in shares of S&P Global by 30.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock valued at $774,000 after buying an additional 410 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of S&P Global by 75.7% during the fourth quarter. Private Advisor Group LLC now owns 6,052 shares of the business services provider’s stock worth $2,666,000 after purchasing an additional 2,607 shares during the last quarter. Finally, Gryphon Financial Partners LLC grew its stake in S&P Global by 75.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock worth $1,018,000 after buying an additional 1,014 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPGI. UBS Group upped their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. BMO Capital Markets increased 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. Oppenheimer boosted their price target on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $535.25.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $6.36 on Friday, reaching $510.64. 1,037,683 shares of the company were exchanged, compared to its average volume of 1,232,332. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $521.50. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market cap of $159.78 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 2.67 and a beta of 1.17. The company has a 50-day moving average of $486.64 and a 200-day moving average of $448.74.

S&P Global (NYSE:SPGI) last released 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. The business had revenue of $3.55 billion for 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 company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.12 EPS. Equities analysts forecast that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors 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 yield of 0.71%. S&P Global’s payout ratio is 40.81%.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction of $3,687,567.36. Following the completion of the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

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.