Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires 2,962 Shares of S&P Global Inc. (NYSE:SPGI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in S&P Global Inc. (NYSE:SPGI) by 107.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,725 shares of the business services provider’s stock after acquiring an additional 2,962 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in S&P Global were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Private Wealth Management Group LLC acquired a new position in S&P Global during the 4th quarter valued at about $26,000. Pineridge Advisors LLC acquired a new stake in S&P Global during the 4th quarter worth $26,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $36,000. Finally, MCF Advisors LLC lifted its stake in shares of S&P Global by 141.7% in the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 51 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE SPGI traded down $1.87 during midday trading on Friday, hitting $491.06. The company had a trading volume of 1,012,829 shares, compared to its average volume of 1,242,893. The firm has a 50-day moving average price of $465.40 and a 200-day moving average price of $441.41. The company has a market capitalization of $153.65 billion, a PE ratio of 55.26, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $502.95.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion for 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.12 EPS. As a group, analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America raised their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. UBS Group lifted 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. Barclays upped their price objective on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their target price on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research note on Friday, July 5th. Finally, BMO Capital Markets increased their price objective on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $530.75.

Insider Buying and Selling at S&P Global

In related news, EVP Steven J. Kemps sold 2,700 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction 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 owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the business’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 $1,327,185.00. Following the completion of 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 ninety days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by company insiders.

S&P Global 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.