IMS Capital Management Has $1.90 Million Stake in S&P Global Inc. (NYSE:SPGI)

IMS Capital Management grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,256 shares of the business services provider’s stock after buying an additional 30 shares during the quarter. IMS Capital Management’s holdings in S&P Global were worth $1,898,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPGI. Sachetta LLC lifted 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 purchasing an additional 30 shares in the last quarter. Pineridge Advisors LLC bought a new position in S&P Global in the 4th quarter worth approximately $26,000. HWG Holdings LP purchased a new position in shares of S&P Global in the second quarter valued at $27,000. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global during the second quarter valued at about $31,000. Finally, First Pacific Financial lifted its stake in 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 purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’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 of the company’s stock, valued at approximately $74,915,443.20. 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 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on SPGI. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Oppenheimer raised their target price on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America increased their price target 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. Finally, Stifel Nicolaus lifted their price target on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global Stock Up 0.8 %

Shares of SPGI stock opened at $516.62 on Tuesday. The stock has a 50 day moving average of $502.79 and a 200 day moving average of $459.10. 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 $161.65 billion, a P/E ratio of 57.92, a P/E/G ratio of 2.91 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released 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. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.12 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.