BLB&B Advisors LLC Purchases 1,071 Shares of S&P Global Inc (NYSE:SPGI)

BLB&B Advisors LLC boosted its stake in shares of S&P Global Inc (NYSE:SPGI) by 7.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,260 shares of the business services provider’s stock after acquiring an additional 1,071 shares during the quarter. BLB&B Advisors LLC’s holdings in S&P Global were worth $3,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Meridian Wealth Management LLC purchased a new position in S&P Global during the first quarter worth $26,000. Harvest Group Wealth Management LLC acquired a new position in S&P Global in the first quarter valued at $28,000. Kistler Tiffany Companies LLC boosted its holdings in S&P Global by 220.0% in the first quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 110 shares during the last quarter. Berman Capital Advisors LLC boosted its holdings in S&P Global by 59.6% in the first quarter. Berman Capital Advisors LLC now owns 166 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 62 shares during the last quarter. Finally, CNB Bank boosted its holdings in S&P Global by 45.9% in the first quarter. CNB Bank now owns 178 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. 82.43% of the stock is owned by institutional investors.

NYSE SPGI opened at $253.17 on Friday. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $262.83. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $63.64 billion, a PE ratio of 29.78, a PEG ratio of 2.81 and a beta of 1.08. The firm has a 50-day simple moving average of $242.73 and a 200 day simple moving average of $218.87.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.15. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted $2.17 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Research analysts forecast that S&P Global Inc will post 9.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a yield of 0.90%. S&P Global’s payout ratio is presently 26.82%.

In related news, insider Nicholas Cafferillo sold 9,911 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $252.95, for a total transaction of $2,506,987.45. Following the sale, the insider now directly owns 7,454 shares in the company, valued at $1,885,489.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now owns 18,723 shares in the company, valued at $4,314,528.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,418 shares of company stock worth $4,113,381. Insiders own 0.20% of the company’s stock.

SPGI has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Stifel Nicolaus boosted their price objective on S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a report on Friday, August 2nd. BMO Capital Markets upped their target price on S&P Global to $255.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Atlantic Securities lowered S&P Global from an “overweight” rating to a “neutral” rating and upped their target price for the company from $220.00 to $260.00 in a report on Tuesday, August 6th. Finally, UBS Group upped their target price on S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $252.23.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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