Capital Market Strategies LLC Boosts Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Capital Market Strategies LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 606 shares of the business services provider’s stock after purchasing an additional 31 shares during the period. Capital Market Strategies LLC’s holdings in S&P Global were worth $313,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sapient Capital LLC raised its holdings in S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares in the last quarter. Chatham Capital Group Inc. increased its holdings in S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after buying an additional 21 shares in the last quarter. Kampmann Melissa S. increased its holdings in S&P Global by 0.3% in the second quarter. Kampmann Melissa S. now owns 8,284 shares of the business services provider’s stock valued at $3,695,000 after buying an additional 21 shares in the last quarter. D.B. Root & Company LLC increased its holdings in S&P Global by 2.4% in the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock valued at $426,000 after buying an additional 22 shares in the last quarter. Finally, Modera Wealth Management LLC increased its holdings in S&P Global by 2.3% in the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock valued at $428,000 after buying an additional 22 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.0 %

Shares of NYSE SPGI opened at $514.60 on Friday. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $528.02. The firm’s 50 day moving average price is $504.41 and its 200 day moving average price is $460.49. The firm has a market cap of $161.02 billion, a P/E ratio of 57.69, a price-to-earnings-growth ratio of 2.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the business earned $3.12 earnings per share. S&P Global’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.57 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced 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 is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPGI. Royal Bank of Canada increased their target price 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. BMO Capital Markets increased their target price on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group increased their target price on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Finally, Bank of America raised their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $556.58.

Insider Buying and Selling

In other S&P Global news, insider Edouard Tavernier sold 500 shares of S&P Global 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 transaction, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th. The shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

About S&P Global

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.