Cyrus J. Lawrence LLC Purchases 167 Shares of S&P Global Inc. (NYSE:SPGI)

Cyrus J. Lawrence LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 21,501 shares of the business services provider’s stock after buying an additional 167 shares during the period. S&P Global comprises approximately 1.9% of Cyrus J. Lawrence LLC’s holdings, making the stock its 19th largest position. Cyrus J. Lawrence LLC’s holdings in S&P Global were worth $9,589,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Swedbank AB bought a new position in shares of S&P Global in the first quarter worth about $351,774,000. Capital International Investors lifted its holdings in S&P Global by 12.6% in 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 in the last quarter. Assenagon Asset Management S.A. boosted its stake in S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after purchasing an additional 360,909 shares during the period. Third Point LLC purchased a new stake in S&P Global during the 1st quarter valued at approximately $142,526,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of S&P Global by 348.2% during 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 buying an additional 261,526 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group raised their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley boosted their target price on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $548.18.

S&P Global Stock Performance

SPGI stock opened at $523.67 on Monday. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02. The firm has a market cap of $163.86 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17. The business’s fifty day simple moving average is $499.16 and its two-hundred day simple moving average is $455.35. 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 (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 company’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.12 earnings per share. Analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Buying and Selling at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of the company’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 sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was 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 $6,496,816.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the business’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 sale, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. In the last quarter, insiders have 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 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.