Ensign Peak Advisors Inc Has $181.46 Million Stake in S&P Global Inc. (NYSE:SPGI)

Ensign Peak Advisors Inc reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,856 shares of the business services provider’s stock after selling 81,209 shares during the quarter. Ensign Peak Advisors Inc owned 0.13% of S&P Global worth $181,458,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Artisan Partners Limited Partnership boosted 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 worth $618,369,000 after purchasing an additional 190,758 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings 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 acquiring an additional 2,962 shares during the last quarter. Stifel Financial Corp increased its position in S&P Global by 1.1% in the 4th quarter. Stifel Financial Corp now owns 475,930 shares of the business services provider’s stock valued at $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 1st quarter valued at about $1,222,000. Finally, Quadrature Capital Ltd bought a new position in shares of S&P Global in the first quarter worth about $2,236,000. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $523.72 on Friday. 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 fifty-two week low of $340.49 and a fifty-two week high of $528.02. The business has a 50-day moving average of $499.16 and a 200-day moving average of $454.91. The stock has a market capitalization of $163.87 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion for 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 company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.12 earnings per share. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were issued a dividend of $0.91 per share. The ex-dividend date 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%.

Insiders Place Their Bets

In other S&P Global 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 value of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 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 value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Bank of America upped their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. UBS Group raised their target price on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Morgan Stanley boosted their price target on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Barclays raised 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. Finally, Royal Bank of Canada lifted their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $548.18.

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.