Carret Asset Management LLC Raises Stake in S&P Global Inc. (NYSE:SPGI)

Carret Asset Management LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 77.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,990 shares of the business services provider’s stock after buying an additional 867 shares during the period. Carret Asset Management LLC’s holdings in S&P Global were worth $1,028,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SPGI. Financial Management Professionals Inc. grew its position in S&P Global by 39.7% in the 3rd quarter. Financial Management Professionals Inc. now owns 88 shares of the business services provider’s stock valued at $45,000 after buying an additional 25 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in S&P Global by 5.3% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 838 shares of the business services provider’s stock valued at $433,000 after buying an additional 42 shares during the period. Goldstein Advisors LLC raised its position in S&P Global by 9.3% during the 3rd quarter. Goldstein Advisors LLC now owns 635 shares of the business services provider’s stock worth $328,000 after buying an additional 54 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in shares of S&P Global by 31.7% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 6,916 shares of the business services provider’s stock worth $3,573,000 after acquiring an additional 1,663 shares during the period. Finally, Smith Salley Wealth Management boosted its holdings in shares of S&P Global by 2.4% in the third quarter. Smith Salley Wealth Management now owns 36,841 shares of the business services provider’s stock valued at $19,033,000 after acquiring an additional 867 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 Price Performance

Shares of NYSE:SPGI opened at $490.61 on Friday. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. The stock has a market cap of $153.56 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The business’s fifty day moving average price is $513.82 and its two-hundred day moving average price is $470.81. 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) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts forecast that S&P Global Inc. will post 14.79 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 34.50%.

Analyst Ratings Changes

Several research analysts recently issued reports on SPGI shares. BMO Capital Markets cut their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday. Stifel Nicolaus raised their price target on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, UBS Group boosted their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $569.77.

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.