Mather Group LLC. Buys 43 Shares of S&P Global Inc. (NYSE:SPGI)

Mather Group LLC. boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,596 shares of the business services provider’s stock after buying an additional 43 shares during the period. Mather Group LLC.’s holdings in S&P Global were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Capital International Investors grew its stake in S&P Global by 5.3% in the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after acquiring an additional 291,712 shares during the period. Norges Bank purchased a new position in shares of S&P Global during the 4th quarter worth $1,652,862,000. Capital World Investors grew its holdings in shares of S&P Global by 0.5% in the fourth quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock valued at $1,241,706,000 after purchasing an additional 12,644 shares during the period. Wells Fargo & Company MN raised its stake in S&P Global by 11.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,624,308 shares of the business services provider’s stock worth $1,156,060,000 after purchasing an additional 279,633 shares during the period. Finally, Parnassus Investments LLC boosted its holdings in S&P Global by 0.3% in the 4th quarter. Parnassus Investments LLC now owns 2,467,429 shares of the business services provider’s stock valued at $1,086,952,000 after purchasing an additional 7,887 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.6 %

SPGI stock traded up $7.62 during midday trading on Tuesday, hitting $479.61. The stock had a trading volume of 1,473,515 shares, compared to its average volume of 1,264,192. The company’s 50-day moving average price is $456.28 and its 200 day moving average price is $439.04. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $502.95. The firm has a market cap of $150.12 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.92.

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 the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the company earned $3.12 earnings per share. On average, equities research analysts predict that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Insiders Place Their Bets

In related news, 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The disclosure for this sale can be found here. Insiders sold a total of 10,200 shares of company stock worth $4,958,160 over the last ninety days. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Barclays upped their price target on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. BMO Capital Markets upped their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley increased their price target on shares of S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a report on Friday, July 5th. Finally, Stifel Nicolaus lifted their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $526.73.

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.