Bradley Foster & Sargent Inc. CT Purchases 7,270 Shares of S&P Global Inc. (NYSE:SPGI)

Bradley Foster & Sargent Inc. CT increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,794 shares of the business services provider’s stock after buying an additional 7,270 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in S&P Global were worth $37,372,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SPGI. Financial & Tax Architects LLC grew its stake in S&P Global by 5.5% in the second quarter. Financial & Tax Architects LLC now owns 14,540 shares of the business services provider’s stock valued at $6,485,000 after purchasing an additional 752 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in S&P Global by 28.3% in the second quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider’s stock valued at $1,177,000 after purchasing an additional 582 shares in the last quarter. Frisch Financial Group Inc. bought a new position in S&P Global in the second quarter valued at approximately $394,000. Edgestream Partners L.P. grew its stake in S&P Global by 45.7% in the second quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 563 shares in the last quarter. Finally, GDS Wealth Management grew its stake in S&P Global by 12.4% in the second quarter. GDS Wealth Management now owns 25,557 shares of the business services provider’s stock valued at $11,398,000 after purchasing an additional 2,814 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of analyst reports. UBS Group raised 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. Bank of America lifted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Barclays lifted their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Stifel Nicolaus lifted their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada lifted their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $548.18.

Insider Activity

In related news, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The sale 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 company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $522.41 on Wednesday. The stock has a market cap of $163.46 billion, a P/E ratio of 58.57, a PEG ratio of 2.68 and a beta of 1.17. The stock has a 50 day simple moving average of $496.16 and a 200 day simple moving average of $453.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02.

S&P Global (NYSE:SPGI) last released 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. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $3.12 EPS. Research analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were paid a $0.91 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. S&P Global’s payout ratio is 40.81%.

About S&P Global

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.