S&P Global Inc. (NYSE:SPGI) Position Increased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,579 shares of the business services provider’s stock after acquiring an additional 596 shares during the quarter. GHP Investment Advisors Inc.’s holdings in S&P Global were worth $5,610,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SPGI. Gilbert & Cook Inc. increased its position in S&P Global by 7.8% in the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 83 shares during the period. Aveo Capital Partners LLC acquired a new position in shares of S&P Global during the 4th quarter valued at $215,000. 9258 Wealth Management LLC increased its position in shares of S&P Global by 30.4% during the 4th quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock valued at $774,000 after purchasing an additional 410 shares during the period. Gryphon Financial Partners LLC increased its position in shares of S&P Global by 75.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock valued at $1,018,000 after purchasing an additional 1,014 shares during the period. Finally, Sound View Wealth Advisors Group LLC acquired a new position in shares of S&P Global during the 4th quarter valued at $245,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. UBS Group lifted their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. BMO Capital Markets lifted their price target on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. Stifel Nicolaus lifted their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, Bank of America lifted their price target on 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, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $540.25.

Insider Transactions at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 completion of the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction 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 directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 over the last quarter. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $519.45 on Friday. The stock has a market cap of $162.59 billion, a PE ratio of 58.23, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. The business has a fifty day simple moving average of $493.49 and a 200-day simple moving average of $451.60. 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 12 month low of $340.49 and a 12 month high of $524.14.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.12 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were given a $0.91 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.