Stanley Laman Group Ltd. Makes New $227,000 Investment in S&P Global Inc. (NYSE:SPGI)

Stanley Laman Group Ltd. purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, Holdings Channel reports. The fund purchased 440 shares of the business services provider’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at about $27,000. Sachetta LLC lifted its holdings in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the period. HWG Holdings LP bought a new stake in S&P Global in the second quarter valued at $27,000. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global during the 2nd quarter valued at about $31,000. Finally, First Pacific Financial grew its holdings in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after acquiring an additional 24 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $510.92 on Thursday. The stock has a 50-day moving average of $513.82 and a two-hundred day moving average of $470.01. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. 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 stock has a market cap of $159.87 billion, a P/E ratio of 57.28, a P/E/G ratio of 2.91 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly 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. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the business earned $3.12 EPS. S&P Global’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts predict that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Announces Dividend

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

Insider Activity

In related news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares in the company, valued at approximately $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. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group upped their price objective on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Royal Bank of Canada boosted their target price 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. BMO Capital Markets increased their price target on S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a report on Tuesday, October 15th. Morgan Stanley increased their target price on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Oppenheimer increased their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $565.17.

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.