Sunpointe LLC Grows Stake in S&P Global Inc. (NYSE:SPGI)

Sunpointe LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% during the 1st quarter, Holdings Channel reports. The firm owned 516 shares of the business services provider’s stock after buying an additional 44 shares during the period. Sunpointe LLC’s holdings in S&P Global were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global in the fourth quarter valued at $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the first quarter valued at $28,000. CBIZ Investment Advisory Services LLC raised its stake in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in S&P Global during the first quarter valued at $33,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SPGI has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on shares of S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on S&P Global from $627.00 to $632.00 and gave the stock an “overweight” rating in a report on Thursday, July 3rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $601.07.

S&P Global Stock Up 0.8%

NYSE:SPGI opened at $534.98 on Monday. The company has a market cap of $164.08 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $518.48 and a 200-day simple moving average of $507.53.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is currently 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president directly owned 5,131 shares of the company’s stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

S&P Global Company Profile

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.