KCM Investment Advisors LLC Purchases 109 Shares of S&P Global Inc. (NYSE:SPGI)

KCM Investment Advisors LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,907 shares of the business services provider’s stock after purchasing an additional 109 shares during the quarter. KCM Investment Advisors LLC’s holdings in S&P Global were worth $5,757,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in S&P Global by 28.1% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 267,209 shares of the business services provider’s stock worth $119,176,000 after buying an additional 58,565 shares in the last quarter. Modera Wealth Management LLC boosted its position in shares of S&P Global by 2.3% during the 2nd quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after acquiring an additional 22 shares in the last quarter. Smith Salley Wealth Management increased its stake in S&P Global by 5.8% in the second quarter. Smith Salley Wealth Management now owns 35,974 shares of the business services provider’s stock valued at $16,044,000 after acquiring an additional 1,963 shares during the last quarter. Crewe Advisors LLC raised its position in S&P Global by 6.7% during the second quarter. Crewe Advisors LLC now owns 970 shares of the business services provider’s stock valued at $433,000 after purchasing an additional 61 shares in the last quarter. Finally, Highview Capital Management LLC DE lifted its stake in S&P Global by 1.5% during the second quarter. Highview Capital Management LLC DE now owns 2,845 shares of the business services provider’s stock worth $1,269,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other S&P Global news, EVP Steven J. Kemps sold 2,700 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 $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert P. Kelly sold 7,662 shares of the firm’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 owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the business’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 $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 1.0 %

Shares of S&P Global stock traded up $5.01 during trading on Friday, hitting $513.06. The company’s stock had a trading volume of 1,245,368 shares, compared to its average volume of 1,237,968. The stock has a market cap of $160.54 billion, a price-to-earnings ratio of 57.54, a price-to-earnings-growth 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 $514.00. The stock has a 50-day moving average price of $478.61 and a two-hundred day moving average price of $444.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $3.12 EPS. Equities research analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued 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 0.71%. S&P Global’s payout ratio is 40.81%.

Analyst Ratings Changes

SPGI has been the topic of several recent analyst reports. Royal Bank of Canada lifted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets boosted their target price on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. UBS Group raised their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Oppenheimer increased their price objective on shares of S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $530.75.

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.