Veracity Capital LLC Has $357,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Veracity Capital LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 5.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 691 shares of the business services provider’s stock after purchasing an additional 33 shares during the quarter. Veracity Capital LLC’s holdings in S&P Global were worth $357,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC raised its holdings in shares of S&P Global by 0.9% in the 4th quarter. Fisher Asset Management LLC now owns 6,383 shares of the business services provider’s stock valued at $2,812,000 after purchasing an additional 60 shares during the period. RFG Advisory LLC bought a new stake in S&P Global in the 1st quarter valued at $207,000. Douglas Lane & Associates LLC lifted its holdings in S&P Global by 1.6% during the 1st quarter. Douglas Lane & Associates LLC now owns 1,985 shares of the business services provider’s stock valued at $845,000 after purchasing an additional 32 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in S&P Global by 11.8% during the first quarter. Salem Investment Counselors Inc. now owns 623 shares of the business services provider’s stock worth $265,000 after purchasing an additional 66 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of S&P Global by 16.3% in the first quarter. Ballentine Partners LLC now owns 4,997 shares of the business services provider’s stock valued at $2,126,000 after purchasing an additional 700 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other S&P Global news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated 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 owns 13,217 shares in the company, valued at $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s 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 $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 in the last ninety days. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus increased 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. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets increased their price objective on S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Finally, Bank of America boosted their target price on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $565.17.

S&P Global Trading Up 1.1 %

SPGI opened at $524.80 on Friday. The stock has a market capitalization of $164.21 billion, a price-to-earnings ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $533.29. The company has a 50-day simple moving average of $512.21 and a 200 day simple moving average of $468.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the firm posted $3.12 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts predict that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

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.