Ted Buchan & Co Invests $269,000 in S&P Global Inc. (NYSE:SPGI)

Ted Buchan & Co purchased a new position in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 604 shares of the business services provider’s stock, valued at approximately $269,000.

Several other hedge funds have also made changes to their positions in SPGI. Pineridge Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $26,000. HWG Holdings LP bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $27,000. Sachetta LLC lifted its holdings in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in S&P Global during the 2nd quarter valued at $31,000. Finally, First Pacific Financial increased its position in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global 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 owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s 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 completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of 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. Over the last 90 days, insiders sold 17,862 shares of company stock valued at $8,645,727. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several research analyst reports. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. UBS Group lifted their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Oppenheimer lifted their target price on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets lifted their target price on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America lifted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global Stock Performance

Shares of SPGI stock opened at $516.62 on Tuesday. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02. 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 price-to-earnings ratio of 57.92, a P/E/G ratio of 2.91 and a beta of 1.17. The stock’s fifty day simple moving average is $502.79 and its 200-day simple moving average is $459.10.

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, beating analysts’ consensus estimates of $3.67 by $0.37. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $3.12 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s payout ratio is 40.81%.

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.