Sanctuary Advisors LLC Invests $10.19 Million in S&P Global Inc. (NYSE:SPGI)

Sanctuary Advisors LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,505 shares of the business services provider’s stock, valued at approximately $10,189,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pineridge Advisors LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $26,000. HWG Holdings LP purchased a new stake in shares of S&P Global during the second quarter valued at $27,000. Sachetta LLC increased its position 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 acquiring an additional 30 shares during the period. Hobbs Group Advisors LLC purchased a new position in S&P Global in the 2nd quarter worth $31,000. Finally, First Pacific Financial lifted 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 acquiring an additional 24 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.0 %

SPGI stock opened at $514.60 on Friday. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market cap of $161.02 billion, a P/E ratio of 57.69, a PEG ratio of 2.91 and a beta of 1.17. The company’s 50-day simple moving average is $504.41 and its 200-day simple moving average is $460.49.

S&P Global (NYSE:SPGI) last issued its quarterly 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 company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.12 earnings per share. As a group, equities analysts forecast that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. Oppenheimer increased their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets raised their price target on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. 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. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Morgan Stanley upped their price target on shares of S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $556.58.

Insider Buying and Selling

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the 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 completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. 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 90 days. Insiders own 0.10% of the company’s stock.

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.