Benjamin Edwards Inc. Sells 26 Shares of S&P Global Inc. (NYSE:SPGI)

Benjamin Edwards Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 3,749 shares of the business services provider’s stock after selling 26 shares during the quarter. Benjamin Edwards Inc.’s holdings in S&P Global were worth $1,672,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Pineridge Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $26,000. 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 worth $29,000 after buying an additional 30 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of S&P Global in the 2nd quarter worth about $31,000. First Pacific Financial boosted its holdings in shares of S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction that occurred 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 directly owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction that occurred 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 directly owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.9 %

Shares of SPGI opened at $524.32 on Friday. The business’s 50-day moving average price is $498.25 and its 200-day moving average price is $454.23. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02. The stock has a market cap of $164.06 billion, a PE ratio of 58.78, a P/E/G ratio of 2.68 and a beta of 1.17. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion for 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 company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.12 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SPGI shares. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. BMO Capital Markets upped their price objective 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. Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. UBS Group upped their price objective 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.