S&P Global Inc. (NYSE:SPGI) Stock Holdings Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in S&P Global Inc. (NYSE:SPGI) by 45.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,796 shares of the business services provider’s stock after buying an additional 563 shares during the period. Edgestream Partners L.P.’s holdings in S&P Global were worth $801,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sachetta LLC raised 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 worth $29,000 after acquiring an additional 30 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in S&P Global during the fourth quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new stake in S&P Global during the second quarter worth approximately $31,000. First Pacific Financial grew its position in S&P Global by 49.0% in 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 during the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of S&P Global in the second quarter valued at $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In related news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of the stock in a transaction 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 in the company, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 in the last three months. 0.10% of the stock is owned by insiders.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $523.67 on Friday. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $163.86 billion, a PE ratio of 58.71, a P/E/G ratio of 2.68 and a beta of 1.17. The firm’s 50 day moving average price is $499.16 and its two-hundred day moving average price is $455.14.

S&P Global (NYSE:SPGI) last posted its quarterly 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 business had revenue of $3.55 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. On average, research analysts predict that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. UBS Group raised their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer lifted their target price on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Barclays boosted their price target 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. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global 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.