Hexagon Capital Partners LLC Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Hexagon Capital Partners LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 36.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 158 shares of the business services provider’s stock after purchasing an additional 42 shares during the period. Hexagon Capital Partners LLC’s holdings in S&P Global were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Harbert Fund Advisors Inc. purchased a new stake in S&P Global in the fourth quarter valued at approximately $1,297,000. Gillson Capital LP lifted its stake in S&P Global by 14.1% in the fourth quarter. Gillson Capital LP now owns 82,840 shares of the business services provider’s stock valued at $36,493,000 after buying an additional 10,265 shares during the last quarter. Groupama Asset Managment purchased a new stake in S&P Global in the fourth quarter valued at approximately $9,743,000. Fullerton Fund Management Co Ltd. raised its stake in shares of S&P Global by 139.0% during the fourth quarter. Fullerton Fund Management Co Ltd. now owns 13,897 shares of the business services provider’s stock worth $6,122,000 after purchasing an additional 8,082 shares during the last quarter. Finally, Okabena Investment Services Inc. raised its stake in shares of S&P Global by 31.4% during the fourth quarter. Okabena Investment Services Inc. now owns 5,687 shares of the business services provider’s stock worth $2,505,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.2 %

S&P Global stock opened at $515.12 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $161.18 billion, a price-to-earnings ratio of 57.75, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02. The stock’s fifty day moving average is $506.53 and its two-hundred day moving average is $463.28.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating the consensus estimate 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%. S&P Global’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.12 earnings per share. Analysts predict that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 40.81%.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated 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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last quarter. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets upped their price target 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. JPMorgan Chase & Co. upped their price target on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada upped their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Bank of America upped their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $560.83.

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.