BLB&B Advisors LLC Has $12.18 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

BLB&B Advisors LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 23,583 shares of the business services provider’s stock after purchasing an additional 102 shares during the period. BLB&B Advisors LLC’s holdings in S&P Global were worth $12,183,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the third quarter worth about $27,000. Sachetta LLC increased its stake in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. HWG Holdings LP acquired a new stake in S&P Global during the 2nd quarter worth approximately $27,000. Hobbs Group Advisors LLC bought a new position in S&P Global in the second quarter valued at approximately $31,000. Finally, First Pacific Financial boosted its holdings in shares of S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global 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 completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley boosted their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Barclays upped their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Finally, 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 report on Wednesday, July 31st. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $565.17.

S&P Global Stock Down 1.8 %

SPGI opened at $513.52 on Wednesday. The stock’s fifty day simple moving average is $513.46 and its 200 day simple moving average is $469.72. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The stock has a market cap of $160.68 billion, a PE ratio of 57.57, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. 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 issued its quarterly earnings data 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 net margin of 25.03% and a return on equity of 13.03%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.12 earnings per share. As a group, research analysts expect that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued 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 dividend payout ratio is presently 40.81%.

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.