Clear Rock Advisors LLC Acquires 218 Shares of S&P Global Inc. (NYSE:SPGI)

Clear Rock Advisors LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,793 shares of the business services provider’s stock after acquiring an additional 218 shares during the period. Clear Rock Advisors LLC’s holdings in S&P Global were worth $2,584,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC bought a new position in S&P Global in the 4th quarter valued at $26,000. HWG Holdings LP purchased a new stake in shares of S&P Global in the second quarter worth $27,000. Sachetta LLC boosted its stake in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the period. Hobbs Group Advisors LLC bought a new stake in S&P Global during the second quarter valued at $31,000. Finally, First Pacific Financial grew its position in S&P Global by 49.0% during the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction dated Friday, August 2nd. The shares were 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 of the company’s stock, valued at approximately $74,915,443.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on 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 transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Trading Down 0.9 %

Shares of SPGI opened at $512.15 on Wednesday. The stock has a market capitalization of $160.25 billion, a P/E ratio of 57.42, a PEG ratio of 2.91 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 firm has a fifty day simple moving average of $503.13 and a two-hundred day simple moving average of $459.73.

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

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SPGI shares. Barclays raised their target price 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. Bank of America lifted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Oppenheimer upped their price objective on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus raised their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $548.18.

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.