S&P Global Inc. (NYSE:SPGI) Shares Purchased by Callan Capital LLC

Callan Capital LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,084 shares of the business services provider’s stock after purchasing an additional 24 shares during the quarter. Callan Capital LLC’s holdings in S&P Global were worth $483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter worth $26,000. Sachetta LLC lifted its position in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Hobbs Group Advisors LLC purchased a new stake in S&P Global in the 2nd quarter valued at approximately $31,000. First Pacific Financial increased its position 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 worth $33,000 after purchasing an additional 24 shares during the period. Finally, Ridgewood Investments LLC purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets upped their price objective on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer increased their price target on shares of S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. 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 boosted their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Two 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 stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global Stock Performance

S&P Global stock opened at $523.72 on Friday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The company has a market capitalization of $163.87 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17. The stock has a fifty day moving average of $499.16 and a two-hundred day moving average of $454.91. 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 posted its quarterly earnings data 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. 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 firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.12 EPS. On average, analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s payout ratio is 40.81%.

Insider Buying and Selling

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares of the company’s stock, 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.

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.