Meridiem Investment Management Ltd. Has $279,000 Stake in S&P Global Inc. (NYSE:SPGI)

Meridiem Investment Management Ltd. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 35.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 540 shares of the business services provider’s stock after buying an additional 140 shares during the quarter. Meridiem Investment Management Ltd.’s holdings in S&P Global were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of SPGI. Raymond James & Associates lifted its stake in S&P Global by 1.4% during the 3rd quarter. Raymond James & Associates now owns 762,998 shares of the business services provider’s stock valued at $394,180,000 after acquiring an additional 10,722 shares in the last quarter. Friedenthal Financial bought a new position in S&P Global during the 3rd quarter valued at $803,000. NovaPoint Capital LLC lifted its stake in S&P Global by 1.3% during the 3rd quarter. NovaPoint Capital LLC now owns 9,297 shares of the business services provider’s stock valued at $4,803,000 after acquiring an additional 119 shares in the last quarter. Blue Trust Inc. lifted its stake in S&P Global by 2.6% during the 3rd quarter. Blue Trust Inc. now owns 3,897 shares of the business services provider’s stock valued at $2,013,000 after acquiring an additional 97 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. lifted its stake in S&P Global by 6.9% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 16,215 shares of the business services provider’s stock valued at $8,377,000 after acquiring an additional 1,053 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SPGI. Stifel Nicolaus lifted their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Wells Fargo & Company lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $565.17.

S&P Global Price Performance

NYSE:SPGI traded up $5.84 during mid-day trading on Friday, reaching $524.80. The stock had a trading volume of 1,831,979 shares, compared to its average volume of 1,199,105. The firm has a 50 day moving average price of $512.21 and a two-hundred day moving average price of $467.89. The stock has a market capitalization of $164.21 billion, a P/E ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

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 for the quarter, beating 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 firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the company posted $3.12 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.69%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Insider Activity

In related news, EVP Steven J. Kemps sold 2,700 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 $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The stock was 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 approximately $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction 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 transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,862 shares of company stock valued at $8,645,727. Company insiders own 0.10% of the company’s stock.

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.