EFG Asset Management Americas Corp. Increases Holdings in S&P Global Inc. (NYSE:SPGI)

EFG Asset Management Americas Corp. grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 43.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,070 shares of the business services provider’s stock after buying an additional 4,881 shares during the quarter. S&P Global accounts for approximately 1.4% of EFG Asset Management Americas Corp.’s holdings, making the stock its 23rd largest position. EFG Asset Management Americas Corp.’s holdings in S&P Global were worth $7,167,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Janney Capital Management LLC grew its position in shares of S&P Global by 2.7% during 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 acquiring an additional 461 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of 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 worth $618,369,000 after buying an additional 190,758 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of 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 buying an additional 2,962 shares during the period. Stifel Financial Corp lifted its position in shares of S&P Global by 1.1% during 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 in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC bought a new position in shares of S&P Global during the 1st quarter valued at approximately $1,222,000. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were 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 of the company’s stock, valued at approximately $7,618,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPGI shares. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their price objective on shares of S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays upped their target price on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. UBS Group raised their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, BMO Capital Markets upped their price objective on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two investment 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $535.25.

S&P Global Price Performance

NYSE:SPGI traded down $6.36 during trading hours on Friday, reaching $510.64. The stock had a trading volume of 1,037,683 shares, compared to its average volume of 1,232,332. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $159.78 billion, a PE ratio of 57.25, a PEG ratio of 2.67 and a beta of 1.16. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $521.50. The company has a 50 day moving average price of $486.64 and a two-hundred day moving average price of $448.58.

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 company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the firm earned $3.12 earnings per share. S&P Global’s revenue was up 14.4% on a year-over-year basis. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business 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 dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s payout ratio is currently 40.81%.

S&P Global Company 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.