Farther Finance Advisors LLC Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Farther Finance Advisors LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 36.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,634 shares of the business services provider’s stock after buying an additional 1,228 shares during the quarter. Farther Finance Advisors LLC’s holdings in S&P Global were worth $2,068,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Gilbert & Cook Inc. lifted its stake in S&P Global by 7.8% in the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock worth $507,000 after purchasing an additional 83 shares in the last quarter. Choreo LLC purchased a new stake in S&P Global in the 4th quarter worth $239,000. Van ECK Associates Corp lifted its stake in S&P Global by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 7,908 shares of the business services provider’s stock worth $3,484,000 after purchasing an additional 237 shares in the last quarter. Fisher Asset Management LLC lifted its stake in S&P Global by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 6,401 shares of the business services provider’s stock worth $2,820,000 after purchasing an additional 78 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in S&P Global by 7.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 48,287 shares of the business services provider’s stock worth $21,272,000 after purchasing an additional 3,326 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted 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 note on Wednesday, July 31st. Bank of America upped their target price on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Morgan Stanley upped their target price on shares of S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, July 5th. Royal Bank of Canada upped their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus upped their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $530.75.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edouard Tavernier sold 500 shares of the 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 sale, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,862 shares of company stock valued at $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 1.0 %

SPGI stock traded up $5.19 during mid-day trading on Friday, reaching $513.24. The company had a trading volume of 1,245,375 shares, compared to its average volume of 1,067,138. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $160.64 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The firm has a 50 day moving average of $480.08 and a 200 day moving average of $445.62. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $514.00.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the prior year, the company earned $3.12 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post 14.57 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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