Brighton Jones LLC Has $1.39 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Brighton Jones LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.6% in the second quarter, HoldingsChannel reports. The firm owned 3,113 shares of the business services provider’s stock after purchasing an additional 107 shares during the period. Brighton Jones LLC’s holdings in S&P Global were worth $1,388,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SPGI. Sapient Capital LLC increased its position 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 valued at $385,000 after acquiring an additional 21 shares in the last quarter. Chatham Capital Group Inc. increased its position in S&P Global by 0.5% in the 2nd 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. D.B. Root & Company LLC increased its position in S&P Global by 2.4% in the 2nd quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock valued at $426,000 after acquiring an additional 22 shares in the last quarter. Modera Wealth Management LLC increased its position in S&P Global by 2.3% in the 2nd quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock valued at $428,000 after acquiring an additional 22 shares in the last quarter. Finally, Foundations Investment Advisors LLC increased its position in S&P Global by 1.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock valued at $951,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $523.72 on Friday. The company’s 50 day simple moving average is $499.16 and its 200 day simple moving average is $454.91. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The firm has a market capitalization of $163.87 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the firm earned $3.12 EPS. S&P Global’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPGI. UBS Group raised their price objective 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. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Bank of America lifted their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Barclays lifted their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Morgan Stanley lifted 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 report on Thursday, September 5th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $548.18.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 $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. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 $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. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is currently owned by corporate insiders.

S&P Global 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.