S&P Global Inc. (NYSE:SPGI) Shares Bought by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,501 shares of the business services provider’s stock after purchasing an additional 167 shares during the quarter. S&P Global comprises 1.9% of Cyrus J. Lawrence LLC’s portfolio, making the stock its 19th biggest position. Cyrus J. Lawrence LLC’s holdings in S&P Global were worth $9,589,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Pineridge Advisors LLC acquired a new position in S&P Global during the fourth quarter valued at $26,000. Sachetta LLC increased its position in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in S&P Global in the 2nd quarter valued at $31,000. First Pacific Financial lifted its holdings in S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in S&P Global during the 2nd quarter worth $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the topic of several research reports. Morgan Stanley raised their price target on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. Stifel Nicolaus raised their target price on shares of 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 upgraded S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. UBS Group boosted their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Finally, Barclays lifted their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global Price Performance

S&P Global stock opened at $523.67 on Monday. The company’s 50 day moving average is $499.16 and its two-hundred day moving average is $455.35. The firm has a market cap of $163.86 billion, a PE ratio of 58.71, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. 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 52-week low of $340.49 and a 52-week high of $528.02.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the company earned $3.12 EPS. S&P Global’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, research analysts expect that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Activity

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’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 $245,775.00. Following the sale, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the 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 transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the company’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 transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by corporate insiders.

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.