Financial Counselors Inc. Has $4.91 Million Stake in S&P Global Inc. (NYSE:SPGI)

Financial Counselors Inc. decreased its position in S&P Global Inc. (NYSE:SPGI) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,003 shares of the business services provider’s stock after selling 88 shares during the quarter. Financial Counselors Inc.’s holdings in S&P Global were worth $4,907,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SPGI. Sapient Capital LLC boosted its stake in shares of S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after acquiring an additional 21 shares in the last quarter. Chatham Capital Group Inc. lifted its stake in shares of S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after buying an additional 21 shares during the last quarter. D.B. Root & Company LLC lifted its position in S&P Global by 2.4% during the 2nd quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after acquiring an additional 22 shares during the last quarter. Modera Wealth Management LLC increased its stake in shares of S&P Global by 2.3% in the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after purchasing an additional 22 shares during the period. Finally, Ayrshire Capital Management LLC grew its holdings in S&P Global by 2.3% in the 2nd quarter. Ayrshire Capital Management LLC now owns 1,023 shares of the business services provider’s stock valued at $456,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their target price on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley raised their price objective on S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research report on Friday, July 5th. Stifel Nicolaus boosted their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets raised their target price on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $530.75.

Insiders Place Their Bets

In other news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Price Performance

NYSE:SPGI opened at $513.24 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market cap of $160.59 billion, a PE ratio of 57.54, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $514.00. The company’s 50-day moving average price is $481.45 and its two-hundred day moving average price is $446.42.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the prior year, the firm earned $3.12 EPS. The company’s revenue was up 14.4% on a year-over-year basis. On average, equities analysts anticipate 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, September 11th. Investors of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.