Capital Advisors Ltd. LLC Grows Stake in S&P Global Inc. (NYSE:SPGI)

Capital Advisors Ltd. LLC grew its position in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 123.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368 shares of the business services provider’s stock after purchasing an additional 203 shares during the period. Capital Advisors Ltd. LLC’s holdings in S&P Global were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its position in S&P Global by 7.3% in the fourth quarter. BlackRock Inc. now owns 18,812,872 shares of the business services provider’s stock worth $8,878,360,000 after acquiring an additional 1,277,266 shares in the last quarter. State Street Corp grew its position in S&P Global by 3.5% in the fourth quarter. State Street Corp now owns 11,274,079 shares of the business services provider’s stock worth $5,320,576,000 after acquiring an additional 381,402 shares in the last quarter. Capital World Investors grew its position in S&P Global by 7.1% in the fourth quarter. Capital World Investors now owns 5,955,180 shares of the business services provider’s stock worth $2,810,428,000 after acquiring an additional 395,484 shares in the last quarter. Capital International Investors lifted its stake in S&P Global by 2.3% in the fourth quarter. Capital International Investors now owns 5,758,638 shares of the business services provider’s stock worth $2,717,673,000 after purchasing an additional 128,640 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in S&P Global by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 4,412,376 shares of the business services provider’s stock worth $2,077,459,000 after purchasing an additional 109,110 shares during the last quarter. 94.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Nancy Luquette sold 2,287 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $333.74, for a total transaction of $763,263.38. Following the sale, the executive vice president now owns 5,667 shares in the company, valued at $1,891,304.58. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Nancy Luquette sold 2,287 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $333.74, for a total value of $763,263.38. Following the sale, the executive vice president now owns 5,667 shares in the company, valued at $1,891,304.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dimitra Manis sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $336.53, for a total transaction of $673,060.00. Following the completion of the sale, the executive vice president now owns 4,839 shares in the company, valued at approximately $1,628,468.67. The disclosure for this sale can be found here. Insiders have sold a total of 7,487 shares of company stock worth $2,612,291 over the last 90 days. 0.10% of the stock is currently owned by insiders.

S&P Global Price Performance

Shares of SPGI opened at $376.65 on Friday. The stock has a market cap of $125.61 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.74 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 1.26. S&P Global Inc. has a fifty-two week low of $311.87 and a fifty-two week high of $484.21. The firm’s 50-day simple moving average is $345.78 and its two-hundred day simple moving average is $372.31.

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

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays lowered their price objective 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. BMO Capital Markets lowered their price objective on shares of S&P Global from $433.00 to $365.00 in a research note on Thursday, June 2nd. Robert W. Baird lowered their price objective on shares of S&P Global from $472.00 to $414.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Royal Bank of Canada decreased their price target on shares of S&P Global from $540.00 to $434.00 in a research note on Thursday, June 2nd. Finally, Morgan Stanley decreased their price target on shares of S&P Global from $398.00 to $390.00 and set an “overweight” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $422.00.

S&P Global Company 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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