S&P Global Inc (SPGI) Shares Bought by Certified Advisory Corp

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Certified Advisory Corp boosted its position in S&P Global Inc (NYSE:SPGI) by 9.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,102 shares of the business services provider’s stock after purchasing an additional 879 shares during the period. S&P Global comprises 1.1% of Certified Advisory Corp’s investment portfolio, making the stock its 17th biggest position. Certified Advisory Corp’s holdings in S&P Global were worth $2,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Vista LLC purchased a new position in S&P Global during the second quarter worth $448,000. Raymond James & Associates increased its position in S&P Global by 7.7% during the second quarter. Raymond James & Associates now owns 99,547 shares of the business services provider’s stock worth $20,297,000 after buying an additional 7,127 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in S&P Global by 3.4% during the second quarter. Tocqueville Asset Management L.P. now owns 66,885 shares of the business services provider’s stock worth $13,637,000 after buying an additional 2,190 shares in the last quarter. BB&T Securities LLC increased its position in S&P Global by 6.0% during the second quarter. BB&T Securities LLC now owns 5,252 shares of the business services provider’s stock worth $1,071,000 after buying an additional 298 shares in the last quarter. Finally, Twin Capital Management Inc. increased its position in S&P Global by 11.2% during the second quarter. Twin Capital Management Inc. now owns 59,578 shares of the business services provider’s stock worth $12,147,000 after buying an additional 5,978 shares in the last quarter. 83.57% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total value of $805,080.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nancy Luquette sold 350 shares of S&P Global stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $203.35, for a total value of $71,172.50. Following the completion of the transaction, the senior vice president now owns 531 shares in the company, valued at approximately $107,978.85. The disclosure for this sale can be found here. Insiders have sold 4,858 shares of company stock worth $982,171 in the last 90 days. Insiders own 0.20% of the company’s stock.

Several research firms have weighed in on SPGI. Morgan Stanley raised their price target on S&P Global from $217.00 to $219.00 and gave the stock an “equal weight” rating in a research report on Friday, July 27th. BMO Capital Markets raised their price target on S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a research report on Friday, July 27th. Zacks Investment Research downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Atlantic Securities downgraded S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Finally, Raymond James raised their price target on S&P Global from $206.00 to $218.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $202.93.

SPGI stock opened at $207.02 on Friday. S&P Global Inc has a 52-week low of $150.34 and a 52-week high of $217.31. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $52.07 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 26th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.04. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. equities research analysts predict that S&P Global Inc will post 8.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Tuesday, August 28th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, August 27th. S&P Global’s dividend payout ratio (DPR) is 29.03%.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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