Vaughan David Investments LLC IL Reduces Stock Position in S&P Global Inc. (NYSE:SPGI)

Vaughan David Investments LLC IL reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,968 shares of the business services provider’s stock after selling 56 shares during the quarter. S&P Global accounts for about 1.3% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 16th largest holding. Vaughan David Investments LLC IL’s holdings in S&P Global were worth $52,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Private Wealth Management Group LLC bought a new stake in S&P Global in the fourth quarter valued at about $26,000. Sachetta LLC increased its holdings in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Pineridge Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at approximately $26,000. Hobbs Group Advisors LLC bought a new position in S&P Global during the second quarter worth $31,000. Finally, First Pacific Financial boosted its holdings in S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after purchasing an additional 24 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In related news, insider Edouard Tavernier sold 500 shares of the business’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 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 filing with the SEC, which is available through the SEC website. In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was 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 in the company, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last three months. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.8 %

Shares of S&P Global stock opened at $520.00 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $521.50. The business’s fifty day moving average price is $489.43 and its two-hundred day moving average price is $450.06. The company has a market capitalization of $162.76 billion, a P/E ratio of 58.30, a PEG ratio of 2.65 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $3.12 earnings per share. As a group, research analysts forecast that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. Royal Bank of Canada increased their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Barclays increased their price objective on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their target price on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley increased their price target on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Finally, Bank of America boosted their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $535.25.

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.