GHP Investment Advisors Inc. Increases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

by · The Markets Daily

GHP Investment Advisors Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 6.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,377 shares of the business services provider’s stock after buying an additional 798 shares during the period. GHP Investment Advisors Inc.’s holdings in S&P Global were worth $6,911,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First National Corp MA ADV lifted its stake in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its stake in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares during the last quarter. Trust Point Inc. grew its position in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 20 shares during the last quarter. Sapient Capital LLC increased its stake in S&P Global by 2.5% in the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after buying an additional 21 shares during the period. Finally, Chatham Capital Group Inc. raised its stake in shares of S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after acquiring an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.5 %

NYSE SPGI traded down $2.60 during trading hours on Friday, reaching $490.61. 984,517 shares of the company traded hands, compared to its average volume of 1,198,610. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $153.56 billion, a PE ratio of 46.50, a PEG ratio of 2.76 and a beta of 1.18. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29. The company has a 50 day moving average of $513.82 and a two-hundred day moving average of $470.56.

S&P Global (NYSE:SPGI – Get Free Report) last announced 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 return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the business posted $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that S&P Global Inc. will post 14.79 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is 34.50%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SPGI shares. UBS Group lifted their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus increased their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Barclays boosted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Oppenheimer boosted their target price 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $569.77.

Get Our Latest Analysis on S&P Global

Insiders Place Their Bets

In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were 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 in the company, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Company Profile

(Free Report)

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.

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