462 shares in S&P Global Inc. (NYSE:SPGI) acquired by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC acquired a new position in S&P Global Inc. (NYSE:SPGI – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 462 shares of the business services provider’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors boosted its holdings in S&P Global by 5.3% in the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after purchasing an additional 291,712 shares during the last quarter. Capital World Investors boosted its holdings in shares of S&P Global by 0.5% during the fourth quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock valued at $1,241,706,000 after acquiring an additional 12,644 shares during the last quarter. Parnassus Investments LLC boosted its holdings in shares of S&P Global by 0.3% in the fourth quarter. Parnassus Investments LLC now owns 2,467,429 shares of the business services provider’s stock valued at $1,086,952,000 after acquiring an additional 7,887 shares during the last quarter. Sustainable Growth Advisers LP boosted its holdings in shares of S&P Global by 2.1% in the first quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock valued at $935,885,000 after acquiring an additional 46,131 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its holdings in shares of S&P Global by 0.6% in the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider’s stock valued at $620,366,000 after acquiring an additional 8,435 shares in the last quarter. 87.17% of shares are held by institutional investors and hedge funds.

Insider buying and selling

In related 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 sale, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 directly owns 1,455 shares in the company, valued at $715,205.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were 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 $6,496,816.35. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 over the last 90 days. Company insiders hold 0.10% of the company’s shares.

S&P global stock up 1.5%

Shares of SPGI opened at $527.40 on Tuesday. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03, and a debt-to-equity ratio of 0.33. The firm has a market cap of $165.02 billion, a PE ratio of 59.13, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. The company has a 50-day moving average of $494.92 and a 200-day moving average of $452.62.

S&P Global (NYSE:SPGI – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company’s revenue for the quarter was up 14.4% year over year. In the same quarter last year, the company earned $3.12 EPS. 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. Investors of record on Tuesday, August 27th were issued a $0.91 dividend. This represents an annualized dividend of $3.64 and a dividend yield of 0.69%. The ex-dividend date was Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

The Wall Street analyst weighs in

Several equities research analysts recently commented on the company. Royal Bank of Canada boosted their price objective on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays upped their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday. BMO Capital Markets upped their target price on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their target price on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, UBS Group boosted their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating, ten have issued 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 $548.18.

Get our latest report on S&P Global

S&P Global Profile

(Free report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics and workflow solutions in the global capital, 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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Want to see what other hedge funds SPGI owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for S&P Global Inc. (NYSE:SPGI – Free Report).

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