Capital Advisors Ltd. LLC Acquires 203 Shares of S&P Global Inc. (NYSE:SPGI)

Capital Advisors Ltd. LLC grew its holdings in S&P Global Inc. (NYSE:SPGIGet Rating) by 123.0% during the 1st quarter, Holdings Channel reports. The fund owned 368 shares of the business services provider’s stock after buying an additional 203 shares during the period. Capital Advisors Ltd. LLC’s holdings in S&P Global were worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Douglas Lane & Associates LLC raised its position in shares of S&P Global by 11.3% during the 1st quarter. Douglas Lane & Associates LLC now owns 1,272 shares of the business services provider’s stock valued at $522,000 after purchasing an additional 129 shares during the period. IFM Investors Pty Ltd raised its position in shares of S&P Global by 69.9% during the 1st quarter. IFM Investors Pty Ltd now owns 54,102 shares of the business services provider’s stock valued at $22,192,000 after purchasing an additional 22,251 shares during the period. Country Trust Bank raised its position in shares of S&P Global by 8.5% during the 1st quarter. Country Trust Bank now owns 370 shares of the business services provider’s stock valued at $152,000 after purchasing an additional 29 shares during the period. Prospera Financial Services Inc raised its position in shares of S&P Global by 8.2% during the 1st quarter. Prospera Financial Services Inc now owns 2,199 shares of the business services provider’s stock valued at $902,000 after purchasing an additional 167 shares during the period. Finally, Welch & Forbes LLC raised its position in shares of S&P Global by 17.7% during the 1st quarter. Welch & Forbes LLC now owns 3,762 shares of the business services provider’s stock valued at $1,543,000 after purchasing an additional 565 shares during the period. 94.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the completion of the transaction, the executive vice president now directly owns 2,467 shares of the company’s stock, valued at approximately $906,597.83. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Dimitra Manis sold 2,000 shares of S&P Global stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $336.53, for a total transaction of $673,060.00. Following the completion of the transaction, the executive vice president now directly owns 4,839 shares of the company’s stock, valued at approximately $1,628,468.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the transaction, the executive vice president now directly owns 2,467 shares of the company’s stock, valued at $906,597.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,487 shares of company stock valued at $2,612,291. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SPGI shares. UBS Group decreased their price objective on shares of S&P Global from $441.00 to $407.00 and set a “buy” rating on the stock in a research report on Monday, June 6th. Royal Bank of Canada decreased their price objective on shares of S&P Global from $540.00 to $434.00 in a research report on Thursday, June 2nd. Jefferies Financial Group cut their target price on shares of S&P Global from $440.00 to $416.00 and set a “buy” rating for the company in a research note on Thursday, June 2nd. Barclays cut their target price on shares of S&P Global from $450.00 to $385.00 and set an “overweight” rating for the company in a research note on Friday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of S&P Global from $483.00 to $418.00 in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $422.00.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $376.65 on Friday. S&P Global Inc. has a 52 week low of $311.87 and a 52 week high of $484.21. The stock has a market capitalization of $125.61 billion, a P/E ratio of 28.07, a PEG ratio of 2.74 and a beta of 1.04. The firm has a fifty day simple moving average of $345.78 and a two-hundred day simple moving average of $372.31. The company has a quick ratio of 1.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.27.

S&P Global (NYSE:SPGIGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.93 by ($0.12). S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the business earned $3.62 earnings per share. The business’s quarterly revenue was up 42.1% on a year-over-year basis. On average, analysts expect that S&P Global Inc. will post 11.49 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.90%. S&P Global’s dividend payout ratio is presently 25.34%.

S&P Global Profile

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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