Rockingstone Advisors LLC Boosts Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Rockingstone Advisors LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,723 shares of the business services provider’s stock after buying an additional 65 shares during the period. S&P Global makes up approximately 1.8% of Rockingstone Advisors LLC’s holdings, making the stock its 20th largest holding. Rockingstone Advisors LLC’s holdings in S&P Global were worth $3,444,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Wealth Management Group LLC bought a new stake in shares of S&P Global in the fourth quarter worth about $26,000. Pineridge Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of S&P Global during the fourth quarter valued at approximately $36,000. Finally, MCF Advisors LLC raised its holdings in shares of S&P Global by 141.7% during the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction 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 transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. 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. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Barclays boosted their price objective on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. increased their target price on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, UBS Group raised their target price 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. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $530.75.

S&P Global Stock Down 0.4 %

Shares of NYSE:SPGI traded down $1.87 on Friday, hitting $491.06. 1,012,829 shares of the company traded hands, compared to its average volume of 1,242,893. The stock has a 50 day simple moving average of $465.40 and a 200-day simple moving average of $441.41. The company has a quick ratio of 0.92, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a market cap of $153.65 billion, a PE ratio of 55.05, a PEG ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $502.95.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) 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 business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same period in the previous year, the company earned $3.12 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.74%. S&P Global’s dividend 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.