Kendall Capital Management Has $640,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Kendall Capital Management lowered its stake in S&P Global Inc. (NYSE:SPGI) by 5.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,435 shares of the business services provider’s stock after selling 75 shares during the period. Kendall Capital Management’s holdings in S&P Global were worth $640,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sachetta LLC grew its position in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Pineridge Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter worth about $26,000. Hobbs Group Advisors LLC acquired a new position in shares of S&P Global in the second quarter valued at approximately $31,000. First Pacific Financial raised its holdings in S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares during the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in S&P Global during the 2nd quarter worth approximately $36,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. UBS Group lifted their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. BMO Capital Markets upped their price target on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their target price 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, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

Insider Buying and Selling at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’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 $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. Over the last quarter, insiders sold 17,862 shares of company stock valued at $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $519.65 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02. The company has a fifty day moving average of $497.23 and a 200-day moving average of $453.74. The firm has a market capitalization of $162.60 billion, a P/E ratio of 58.26, a P/E/G 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, beating the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.12 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were issued a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.70%. 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.