S&P Global Inc. (NYSE:SPGI) Shares Sold by MRP Capital Investments LLC

MRP Capital Investments LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,798 shares of the business services provider’s stock after selling 23 shares during the quarter. MRP Capital Investments LLC’s holdings in S&P Global were worth $802,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Swedbank AB acquired a new position in shares of S&P Global during the 1st quarter worth $351,774,000. Capital International Investors raised its position in shares of S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after purchasing an additional 616,732 shares during the last quarter. Assenagon Asset Management S.A. increased its position in S&P Global by 352.2% during the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after buying an additional 360,909 shares in the last quarter. Third Point LLC acquired a new position in shares of S&P Global in the first quarter worth $142,526,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of S&P Global by 348.2% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 336,640 shares of the business services provider’s stock valued at $148,284,000 after acquiring an additional 261,526 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on SPGI. UBS Group lifted their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Bank of America lifted their target price on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. BMO Capital Markets increased their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley lifted their price objective on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $548.18.

S&P Global Stock Performance

NYSE SPGI opened at $519.65 on Thursday. 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 1-year low of $340.49 and a 1-year high of $528.02. 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. The business’s 50-day simple moving average is $497.23 and its 200-day simple moving average is $453.74.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the previous year, the firm earned $3.12 earnings per share. S&P Global’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities analysts predict that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Activity

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction on 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 completion of the transaction, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the 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 transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. 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. Company 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.