Lake Street Advisors Group LLC Purchases 28 Shares of S&P Global Inc. (NYSE:SPGI)

Lake Street Advisors Group LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,726 shares of the business services provider’s stock after purchasing an additional 28 shares during the period. Lake Street Advisors Group LLC’s holdings in S&P Global were worth $2,108,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SPGI. Janney Capital Management LLC raised its stake in shares of S&P Global by 2.7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after purchasing an additional 461 shares during the last quarter. Artisan Partners Limited Partnership raised its position in S&P Global by 15.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after buying an additional 190,758 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares in the last quarter. Stifel Financial Corp boosted its holdings in 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 worth $209,670,000 after acquiring an additional 5,087 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC bought a new stake in shares of S&P Global in the 1st quarter worth $1,222,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the 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 sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction 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 in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. In 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 company insiders.

S&P Global Trading Down 1.2 %

Shares of S&P Global stock opened at $510.64 on Friday. 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 P/E ratio of 57.25, a P/E/G 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 stock’s 50-day simple moving average is $486.64 and its 200 day simple moving average is $448.58.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.12 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Ratings Changes

SPGI has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their target price on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted 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 upped their price objective on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company 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.