S&P Global Inc. (NYSE:SPGI) Shares Bought by Founders Financial Securities LLC

Founders Financial Securities LLC increased its position in S&P Global Inc. (NYSE:SPGI – Free Report) by 4.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,685 shares of the business services provider’s stock after acquiring an additional 66 shares during the period. Founders Financial Securities LLC’s holdings in S&P Global were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Janney Capital Management LLC boosted its position in S&P Global by 2.7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after buying an additional 461 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after buying an additional 2,962 shares during the last quarter. Locust Wood Capital Advisers LLC increased its position in S&P Global by 2.3% in the 4th quarter. Locust Wood Capital Advisers LLC now owns 247,933 shares of the business services provider’s stock worth $109,219,000 after bought an additional 5,603 shares in the last quarter. Finally, Stifel Financial Corp increased its position in S&P Global by 1.1% during the 4th quarter. Stifel Financial Corp now owns 475,930 shares of the business services provider’s stock worth $209,670,000 after bought an additional 5,087 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s shares.

S&P global stock rose 0.5%

NYSE SPGI opened at $513.31 on Thursday. S&P Global Inc. has a one year low of $340.49 and a one year high of $517.46. The company has a market cap of $160.61 billion, a P/E ratio of 57.55, a P/E/G ratio of 2.67 and a beta of 1.16. The company has a fifty day moving average price of $483.99 and a 200 day moving average price of $447.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03, and a current ratio of 1.03.

S&P Global (NYSE:SPGI – Get Free Report ) last posted its 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 business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. In the same period last year, the company earned $3.12 EPS. The company’s revenue for the quarter was up 14.4% year over year. Research analysts anticipate that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global announces dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a dividend of $3.64 on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is 40.81%.

Analysts on Wall Street are forecasting an increase

Several equities research analysts have commented on SPGI shares. Stifel Nicolaus boosted their price objective 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. Barclays boosted their price objective on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. Bank of America boosted 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. Finally, JPMorgan Chase & Co. upped their target price on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $530.75.

Get the latest stock analysis on S&P Global

Insider buying and selling

In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this link. 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 completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. The sale was disclosed in a filing with the SEC, which is accessible via this link. Also, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was 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 of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,862 shares of company stock worth $8,645,727. 0.10% of shares are currently owned by insiders.

About S&P Global

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics and workflow solutions in the global equity, commodities and auto markets. It operates through the 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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