Pacer Advisors Inc. Buys 5,677 Shares of S&P Global Inc. (NYSE:SPGI)

Pacer Advisors Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 25.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,577 shares of the business services provider’s stock after acquiring an additional 5,677 shares during the period. Pacer Advisors Inc.’s holdings in S&P Global were worth $12,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SPGI. Gilbert & Cook Inc. raised its stake in shares of S&P Global by 7.8% in the fourth quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock worth $507,000 after acquiring an additional 83 shares during the last quarter. Aveo Capital Partners LLC bought a new position in shares of S&P Global in the fourth quarter worth about $215,000. 9258 Wealth Management LLC grew its position in shares of S&P Global by 30.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock worth $774,000 after buying an additional 410 shares during the period. Gryphon Financial Partners LLC grew its position in shares of S&P Global by 75.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock worth $1,018,000 after buying an additional 1,014 shares during the period. Finally, Nations Financial Group Inc. IA ADV acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $379,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $523.67 on Monday. The stock has a market capitalization of $163.86 billion, a PE ratio of 58.71, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $499.16 and a 200-day moving average of $455.35.

S&P Global (NYSE:SPGI) last released 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 company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.12 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Insider Transactions at S&P Global

In other news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following 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 legal filing with the SEC, which is accessible through the SEC website. In other news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. 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 90 days. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SPGI has been the subject of several analyst reports. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Morgan Stanley lifted 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 report on Thursday, September 5th. Bank of America lifted their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Oppenheimer lifted their price target on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company 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 company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus 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.