PFG Investments LLC Purchases 1,460 Shares of S&P Global Inc. (NYSE:SPGI)

PFG Investments LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 110.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,780 shares of the business services provider’s stock after acquiring an additional 1,460 shares during the quarter. PFG Investments LLC’s holdings in S&P Global were worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Capital Management LLC raised its position in shares of S&P Global by 2.7% during the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after acquiring an additional 461 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after purchasing an additional 2,962 shares during the last quarter. Stifel Financial Corp increased its holdings in S&P Global by 1.1% in the fourth quarter. Stifel Financial Corp now owns 475,930 shares of the business services provider’s stock valued at $209,670,000 after purchasing an additional 5,087 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC bought a new stake in S&P Global in the first quarter valued at about $1,222,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $515.83 on Tuesday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $521.50. The stock has a 50 day moving average of $488.03 and a 200-day moving average of $449.48. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $161.45 billion, a P/E ratio of 57.83, a P/E/G ratio of 2.65 and a beta of 1.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the prior year, the business earned $3.12 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities research analysts predict that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Activity at S&P Global

In related news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The stock was 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 owns 1,455 shares in the company, valued at approximately $715,205.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SPGI. Bank of America upped their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group boosted their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus boosted their target price 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 investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $535.25.

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.