Callan Capital LLC increased its position in S&P Global Inc. (NYSE:SPGI)

Callan Capital LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 2.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,084 shares of the business services provider’s stock after acquiring an additional 24 shares during the quarter. Callan Capital LLC’s holdings in S&P Global were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Capital International Investors raised its stake in shares of 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 in the last quarter. Capital World Investors raised its holdings in shares of S&P Global by 0.5% during the 4th quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock valued at $1,241,706,000 after buying another 12,644 shares during that period. Parnassus Investments LLC lifted its position in S&P Global by 0.3% during the 4th quarter. Parnassus Investments LLC now owns 2,467,429 shares of the business services provider’s stock worth $1,086,952,000 after purchasing another 7,887 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings in 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 worth $935,885,000 after acquiring an additional 46,131 shares during the period. Finally, Fayez Sarofim & Co raised its position in 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 during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s shares.

Insider activity at S&P Global

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the 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 sale, the insider now directly 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 available via this link. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, insider Edouard Tavernier sold 500 shares of the business’s 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 sale, the insider now owns 13,217 shares in the company, valued at approximately $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. 0.10% of shares are currently held by company insiders.

S&P global stock drops 0.1%

Shares of NYSE:SPGI opened at $523.72 on Friday. The company’s fifty day moving average is $499.16 and its two hundred day moving average is $454.91. 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 Inc. has a 1 year low of $340.49 and a 1 year high of $528.02. The stock has a market cap of $163.87 billion, a price-to-earnings ratio of 58.71, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17.

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 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. In the same quarter last year, the company earned $3.12 per share. S&P Global’s quarterly revenue was up 14.4% year over year. Equity analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared 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 0.70%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Changes in Analyst Ratings

A number of research analysts have recently commented on the stock. Bank of America upped their target price 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. Morgan Stanley boosted their price objective on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. UBS Group boosted their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Oppenheimer boosted their target price on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets upped their target price on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and a consensus price target of $548.18, according to MarketBeat.

Read our latest report on SPGI

S&P Global Company 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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