S&P Global Inc. (NYSE:SPGI) Stock Position Raised by First Horizon Advisors Inc.

First Horizon Advisors Inc. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,176 shares of the business services provider’s stock after buying an additional 79 shares during the period. First Horizon Advisors Inc.’s holdings in S&P Global were worth $8,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Wealth Management Group LLC acquired a new position in S&P Global during the 4th quarter valued at about $26,000. Pineridge Advisors LLC acquired a new position in S&P Global during the 4th quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares during the period. First Pacific Financial lifted its stake in shares of S&P Global by 49.0% in the 2nd 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 acquired a new stake in shares of S&P Global in the 4th quarter worth approximately $36,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPGI shares. Royal Bank of Canada upped their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer upped their price target on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. 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. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Morgan Stanley upped their price target on shares of S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research note on Friday, July 5th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $530.75.

Insider Buying and Selling at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $491.55, for a total value 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 have sold 17,862 shares of company stock worth $8,645,727 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Trading Up 0.4 %

Shares of SPGI stock traded up $1.75 during trading hours on Tuesday, reaching $497.49. 275,946 shares of the stock traded hands, compared to its average volume of 1,235,245. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $502.95. The business has a fifty day moving average price of $467.96 and a 200 day moving average price of $441.83. 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 firm has a market capitalization of $155.66 billion, a PE ratio of 55.58, a PEG ratio of 2.55 and a beta of 1.16.

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 (EPS) for the quarter, beating 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 business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business earned $3.12 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts forecast that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

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.