Regal Investment Advisors LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Regal Investment Advisors LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,546 shares of the business services provider’s stock after buying an additional 29 shares during the period. Regal Investment Advisors LLC’s holdings in S&P Global were worth $2,028,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Swedbank AB acquired a new position in S&P Global during the first quarter worth $351,774,000. Capital International Investors boosted its stake in S&P Global by 12.6% during the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after buying an additional 616,732 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake 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 during the last quarter. Third Point LLC acquired a new position in S&P Global during the first quarter worth $142,526,000. Finally, Ameriprise Financial Inc. boosted its stake in S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction dated 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 owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated 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 owns 15,830 shares in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 in the last quarter. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on SPGI. JPMorgan Chase & Co. boosted their price objective on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Oppenheimer upped their price target on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $548.18.

S&P Global Price Performance

SPGI stock opened at $516.62 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $161.65 billion, a PE ratio of 57.92, a P/E/G ratio of 2.91 and a beta of 1.17. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $528.02. The business’s fifty day moving average price is $502.79 and its 200 day moving average price is $459.10.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the business earned $3.12 EPS. S&P Global’s revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is 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.