Kathmere Capital Management LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Kathmere Capital Management LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 18.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,101 shares of the business services provider’s stock after purchasing an additional 172 shares during the period. Kathmere Capital Management LLC’s holdings in S&P Global were worth $491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Sapient Capital LLC increased its stake in shares of S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after buying an additional 21 shares during the period. Chatham Capital Group Inc. increased its holdings in S&P Global by 0.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after purchasing an additional 21 shares during the period. D.B. Root & Company LLC raised 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 valued at $426,000 after purchasing an additional 22 shares during the last quarter. Modera Wealth Management LLC lifted its holdings in S&P Global by 2.3% in the 2nd quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after buying an additional 22 shares during the period. Finally, Foundations Investment Advisors LLC grew its position in shares of S&P Global by 1.0% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock worth $951,000 after buying an additional 22 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.2 %

NYSE SPGI opened at $512.72 on Friday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average price is $502.21 and its 200-day moving average price is $458.23. The stock has a market cap of $160.43 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.91 and a beta of 1.17.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS 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 the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.12 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 14.57 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Insider Buying and Selling

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 in the last three months. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPGI. UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Barclays raised their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $548.18.

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.