Blair William & Co. IL Acquires 1,148 Shares of S&P Global Inc. (NYSE:SPGI)

Blair William & Co. IL increased its stake in S&P Global Inc. (NYSE:SPGI) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,083 shares of the business services provider’s stock after acquiring an additional 1,148 shares during the quarter. Blair William & Co. IL’s holdings in S&P Global were worth $84,777,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SPGI. Artisan Partners Limited Partnership increased its stake in 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 valued at $618,369,000 after purchasing an additional 190,758 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised 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 worth $2,798,000 after buying an additional 2,962 shares during the period. Stifel Financial Corp boosted its holdings in S&P Global by 1.1% in the fourth 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 in the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new stake in S&P Global in the first quarter valued at approximately $1,222,000. Finally, Quadrature Capital Ltd acquired a new stake in S&P Global in the first quarter valued at approximately $2,236,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on SPGI shares. BMO Capital Markets raised their price objective on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus raised their price target on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. UBS Group raised their target price 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, Oppenheimer upped their price target on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $548.18.

Insider Activity

In related news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last quarter. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $522.41 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $496.16 and a two-hundred day simple moving average of $453.28. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02. The firm has a market cap of $163.46 billion, a price-to-earnings ratio of 58.57, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the company earned $3.12 EPS. The firm’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 year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were paid a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. S&P Global’s payout ratio is 40.81%.

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.