Central Valley Advisors LLC Purchases 76 Shares of S&P Global Inc. (NYSE:SPGI)

Central Valley Advisors LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,215 shares of the business services provider’s stock after purchasing an additional 76 shares during the quarter. Central Valley Advisors LLC’s holdings in S&P Global were worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in S&P Global by 8.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 4,024 shares of the business services provider’s stock valued at $1,773,000 after acquiring an additional 317 shares during the last quarter. Cetera Advisor Networks LLC grew its position in S&P Global by 5.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 28,082 shares of the business services provider’s stock valued at $12,370,000 after buying an additional 1,481 shares during the period. Morningstar Investment Services LLC raised its position in S&P Global by 126.3% in the fourth quarter. Morningstar Investment Services LLC now owns 2,211 shares of the business services provider’s stock worth $977,000 after acquiring an additional 1,234 shares during the period. Prudential PLC grew its position in shares of S&P Global by 1.1% during the 4th quarter. Prudential PLC now owns 18,424 shares of the business services provider’s stock valued at $8,116,000 after acquiring an additional 207 shares during the period. Finally, Schroder Investment Management Group increased its stake in shares of S&P Global by 75.5% in the 4th quarter. Schroder Investment Management Group now owns 89,584 shares of the business services provider’s stock worth $39,464,000 after purchasing an additional 38,534 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 0.5 %

NYSE:SPGI traded down $2.43 during midday trading on Friday, hitting $512.17. The stock had a trading volume of 683,778 shares, compared to its average volume of 1,210,164. The stock has a 50-day moving average of $504.86 and a 200 day moving average of $461.12. The company has a market capitalization of $160.26 billion, a price-to-earnings ratio of 57.42, a PEG ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a one year low of $340.49 and a one year 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.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the firm posted $3.12 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts forecast that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 40.81%.

Insiders Place Their Bets

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction 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 transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global 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 transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SPGI shares. Oppenheimer lifted their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets raised their price target on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus upped their price objective on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price target on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $556.58.

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.