Blair William & Co. IL Has $84.78 Million Position in S&P Global Inc. (NYSE:SPGI)

Blair William & Co. IL lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,083 shares of the business services provider’s stock after purchasing an additional 1,148 shares during the period. Blair William & Co. IL owned 0.06% of S&P Global worth $84,777,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Swedbank AB acquired a new stake in S&P Global during the 1st quarter worth approximately $351,774,000. Capital International Investors raised its position in shares of S&P Global by 12.6% in the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after buying an additional 616,732 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after buying an additional 360,909 shares during the period. Third Point LLC acquired a new stake in S&P Global during the first quarter worth approximately $142,526,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in S&P Global by 348.2% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 336,640 shares of the business services provider’s stock worth $148,284,000 after acquiring an additional 261,526 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SPGI. Oppenheimer increased their target price on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Morgan Stanley boosted their target price on shares of S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. BMO Capital Markets increased their price target on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Bank of America boosted their price objective on shares of 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 equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global Price Performance

S&P Global stock opened at $522.41 on Wednesday. The stock has a 50-day moving average price of $496.16 and a two-hundred day moving average price of $453.28. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02. The company has a market capitalization of $163.46 billion, a PE ratio of 58.57, a P/E/G ratio of 2.68 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted 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. 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 for the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the company earned $3.12 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Analysts expect that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

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

Insider Buying and Selling

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Robert P. Kelly sold 7,662 shares of the business’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 value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last three months. Insiders own 0.10% of the company’s stock.

S&P Global 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.