462 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 462 shares of the business services provider’s stock, valued at approximately $206,000.

Other large investors have also modified their holdings of the company. Gilbert & Cook Inc. raised its stake in shares of S&P Global by 7.8% during the fourth quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 83 shares in the last quarter. Aveo Capital Partners LLC acquired a new position in S&P Global during the 4th quarter valued at about $215,000. 9258 Wealth Management LLC lifted its stake in shares of S&P Global by 30.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock worth $774,000 after acquiring an additional 410 shares during the period. Gryphon Financial Partners LLC lifted its stake 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 acquiring an additional 1,014 shares during the period. Finally, Financial Advocates Investment Management boosted its holdings in shares of S&P Global by 1.9% in the fourth quarter. Financial Advocates Investment Management now owns 1,845 shares of the business services provider’s stock valued at $813,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.5 %

Shares of SPGI stock opened at $527.40 on Tuesday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month 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. The business’s 50 day moving average is $494.92 and its two-hundred day moving average is $452.62. The company has a market cap of $165.02 billion, a PE ratio of 59.13, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $3.12 earnings per share. Equities analysts predict that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a dividend of $0.91 per share. The ex-dividend date was Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.69%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Insider Buying and Selling

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated 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 directly owns 1,455 shares in the company, valued at approximately $715,205.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. JPMorgan Chase & Co. upped their target price on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Royal Bank of Canada boosted their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global 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.