KG&L Capital Management LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

KG&L Capital Management LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 595 shares of the business services provider’s stock, valued at approximately $307,000.

Several other institutional investors have also modified their holdings of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of S&P Global during the 1st quarter worth approximately $2,236,000. O Shaughnessy Asset Management LLC increased its stake in shares of S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after purchasing an additional 6,162 shares in the last quarter. Nwam LLC increased its stake in shares of S&P Global by 45.5% during the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after purchasing an additional 326 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in S&P Global by 38.9% in the 1st quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock worth $6,252,000 after acquiring an additional 4,114 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Finally, Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and twelve 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 a consensus target price of $571.31.

Insider Transactions at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $485.77 on Tuesday. S&P Global Inc. has a 12-month low of $381.33 and a 12-month high of $533.29. The company has a market capitalization of $150.73 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03. The firm’s fifty day moving average price is $512.12 and its 200 day moving average price is $474.13.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm posted $3.21 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts forecast that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

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.