SkyView Investment Advisors LLC Buys 641 Shares of S&P Global Inc. (NYSE:SPGI)

SkyView Investment Advisors LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 15.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,838 shares of the business services provider’s stock after purchasing an additional 641 shares during the period. SkyView Investment Advisors LLC’s holdings in S&P Global were worth $2,158,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $26,000. Sachetta LLC boosted its stake in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global in the 2nd quarter worth $31,000. First Pacific Financial raised its stake in shares of S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after purchasing an additional 24 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new position in shares of S&P Global during the second quarter valued at $36,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SPGI shares. Stifel Nicolaus boosted their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. BMO Capital Markets raised their price target on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Barclays upped their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

Insider Buying and Selling

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Trading Up 0.2 %

Shares of S&P Global stock opened at $512.72 on Friday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $160.43 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.91 and a beta of 1.17. The company has a fifty day moving average of $502.21 and a 200 day moving average of $458.23.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the business posted $3.12 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.