Benjamin F. Edwards & Company Inc. Has $36.01 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Benjamin F. Edwards & Company Inc. increased its stake in S&P Global Inc. (NYSE:SPGI) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,739 shares of the business services provider’s stock after buying an additional 962 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in S&P Global were worth $36,009,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sachetta LLC boosted 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 valued at $29,000 after buying an additional 30 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at $26,000. Hobbs Group Advisors LLC acquired a new stake in S&P Global during the 2nd quarter valued at $31,000. First Pacific Financial lifted its holdings in 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 last quarter. Finally, Ridgewood Investments LLC acquired a new stake in S&P Global during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction dated 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 completion of the transaction, the director now 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 worth $8,645,727 over the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. raised their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets increased their price objective on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global Stock Up 0.9 %

Shares of NYSE SPGI opened at $524.32 on Friday. 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 Inc. has a 52 week low of $340.49 and a 52 week high of $528.02. The stock has a market capitalization of $164.06 billion, a P/E ratio of 58.78, a PEG ratio of 2.68 and a beta of 1.17. The stock’s fifty day moving average is $498.25 and its 200 day moving average is $454.23.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations 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% on a year-over-year basis. Sell-side analysts forecast that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 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.