Systematic Alpha Investments LLC Buys New Position in S&P Global Inc. (NYSE:SPGI)

Systematic Alpha Investments LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 452 shares of the business services provider’s stock, valued at approximately $202,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPGI. Gilbert & Cook Inc. boosted its holdings in shares of S&P Global by 7.8% during the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock worth $507,000 after buying an additional 83 shares in the last quarter. Aveo Capital Partners LLC bought a new position in shares of S&P Global during the 4th quarter worth approximately $215,000. 9258 Wealth Management LLC boosted its holdings in shares of S&P Global by 30.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock worth $774,000 after buying an additional 410 shares in the last quarter. Gryphon Financial Partners LLC lifted its holdings in shares of S&P Global by 75.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock worth $1,018,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its holdings in shares of S&P Global by 13.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 936 shares of the business services provider’s stock worth $412,000 after purchasing an additional 109 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of a number of analyst reports. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Stifel Nicolaus increased their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer increased their price target on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two equities 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 stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $548.18.

S&P Global Stock Down 0.9 %

SPGI stock opened at $522.41 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $163.46 billion, a price-to-earnings ratio of 58.57, a PEG ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The stock has a fifty day moving average of $496.16 and a 200-day moving average of $453.28.

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

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were paid a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s dividend payout ratio is currently 40.81%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction dated Friday, August 2nd. The stock was 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 owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was 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 directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by insiders.

About S&P Global

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.