S&P Global Inc. (NYSE:SPGI) Shares Bought by Chicago Capital LLC

Chicago Capital LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,788 shares of the business services provider’s stock after acquiring an additional 41 shares during the period. Chicago Capital LLC’s holdings in S&P Global were worth $9,272,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Sapient Capital LLC grew its holdings in shares of S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after buying an additional 21 shares in the last quarter. Chatham Capital Group Inc. grew its holdings in shares of S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after buying an additional 21 shares in the last quarter. D.B. Root & Company LLC grew its holdings in shares of S&P Global by 2.4% during the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after buying an additional 22 shares in the last quarter. Modera Wealth Management LLC grew its holdings in shares of S&P Global by 2.3% during the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after buying an additional 22 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in shares of S&P Global by 1.0% during the second quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock worth $951,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPGI shares. Stifel Nicolaus lifted their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Bank of America boosted their target price on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, UBS Group boosted their target price on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $535.25.

S&P Global Stock Down 1.2 %

Shares of NYSE SPGI traded down $6.36 during trading on Friday, reaching $510.64. 1,037,683 shares of the stock were exchanged, compared to its average volume of 1,232,332. The business’s 50-day moving average price is $486.64 and its 200 day moving average price is $448.58. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $521.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $159.78 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping 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 analysts’ expectations of $3.42 billion. During the same period in the previous year, the company posted $3.12 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities analysts forecast that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Insider Activity at S&P Global

In related news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were 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 directly owns 1,455 shares of the company’s stock, valued at $715,205.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Edouard Tavernier sold 500 shares of the company’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 transaction, the insider now owns 13,217 shares in the company, 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 hyperlink. 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 transaction of $1,327,185.00. Following the transaction, 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 valued at $8,645,727 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

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.