S&P Global Inc. (NYSE:SPGI) Shares Acquired by Clarendon Private LLC

Clarendon Private LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 27.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 855 shares of the business services provider’s stock after acquiring an additional 184 shares during the quarter. Clarendon Private LLC’s holdings in S&P Global were worth $434,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPGI. Picton Mahoney Asset Management purchased a new stake in shares of S&P Global in the first quarter valued at about $3,995,000. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of S&P Global by 2.5% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,054 shares of the business services provider’s stock worth $536,000 after purchasing an additional 26 shares in the last quarter. Patten & Patten Inc. TN boosted its position in shares of S&P Global by 7.1% during the 1st quarter. Patten & Patten Inc. TN now owns 600 shares of the business services provider’s stock worth $305,000 after purchasing an additional 40 shares in the last quarter. New Republic Capital LLC boosted its position in shares of S&P Global by 8.0% during the 1st quarter. New Republic Capital LLC now owns 609 shares of the business services provider’s stock worth $310,000 after purchasing an additional 45 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in shares of S&P Global by 1.0% during the 1st quarter. Foundations Investment Advisors LLC now owns 2,688 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 27 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president owned 5,131 shares of the company’s stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Trading Down 0.9%

Shares of SPGI stock opened at $530.31 on Tuesday. The firm has a 50-day moving average price of $518.61 and a 200 day moving average price of $507.86. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a market capitalization of $162.65 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 2.58 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company posted $4.01 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global’s dividend payout ratio is currently 30.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research report on Friday, May 16th. Wells Fargo & Company increased their price objective on shares of S&P Global from $627.00 to $632.00 and gave the company an “overweight” rating in a research note on Thursday, July 3rd. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Finally, UBS Group increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $601.07.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.