S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,968 shares of the business services provider’s stock after selling 56 shares during the quarter. S&P Global accounts for 1.3% of Vaughan David Investments LLC IL’s portfolio, making the stock its 16th largest holding. Vaughan David Investments LLC IL’s holdings in S&P Global were worth $52,614,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $26,000. Sachetta LLC raised its position in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the period. Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global during the second quarter worth $31,000. Finally, First Pacific Financial raised its position in shares of S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after purchasing an additional 24 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, 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 completion of the sale, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the company’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 sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. 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 Stock Performance

Shares of NYSE SPGI opened at $520.00 on Wednesday. The business’s 50-day moving average price is $489.43 and its two-hundred day moving average price is $450.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. S&P Global Inc. has a one year low of $340.49 and a one year high of $521.50. The company has a market capitalization of $162.76 billion, a P/E ratio of 58.30, a price-to-earnings-growth ratio of 2.65 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its 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. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the company posted $3.12 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. Analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. Morgan Stanley boosted their target price on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Bank of America boosted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Barclays lifted their price target on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $535.25.

About S&P Global

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.