S&P Global Inc. (NYSE:SPGI) Position Lifted by LGT Group Foundation

LGT Group Foundation raised its stake in S&P Global Inc. (NYSE:SPGI) by 12.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,552 shares of the business services provider’s stock after purchasing an additional 274 shares during the period. LGT Group Foundation’s holdings in S&P Global were worth $1,138,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPGI. Private Wealth Management Group LLC bought a new stake in S&P Global in the fourth quarter valued at about $26,000. Pineridge Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $26,000. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global in the 2nd quarter valued at approximately $31,000. First Pacific Financial raised its position in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in S&P Global during the fourth quarter worth $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s 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 transaction, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The stock was 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 owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Up 1.0 %

S&P Global stock opened at $515.83 on Tuesday. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $521.50. The stock has a market cap of $161.45 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 2.65 and a beta of 1.17. The company’s 50-day moving average price is $488.03 and its two-hundred day moving average price is $449.48. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. The firm 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 firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.12 earnings per share. On average, analysts expect that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank of America increased their target price on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus increased their price objective on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their target price on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. BMO Capital Markets raised their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Barclays boosted their price objective on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research 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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.25.

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.