Grimes & Company Inc. Purchases 60 Shares of S&P Global Inc. (NYSE:SPGI)

Grimes & Company Inc. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 12.0% in the third quarter, Holdings Channel.com reports. The firm owned 562 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. Grimes & Company Inc.’s holdings in S&P Global were worth $290,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. First National Corp MA ADV increased its holdings in S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after purchasing an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. increased its holdings in S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares in the last quarter. Trust Point Inc. increased its holdings in S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares in the last quarter. Sapient Capital LLC increased its holdings in 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 purchasing an additional 21 shares in the last quarter. Finally, 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 worth $2,007,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their target price on S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th. Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada increased their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $565.17.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction 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 sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the business’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 sale, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock valued at $8,645,727 over the last three months. 0.10% of the stock is owned by insiders.

S&P Global Trading Down 3.5 %

Shares of SPGI stock opened at $493.10 on Friday. The firm has a 50 day moving average price of $513.82 and a two-hundred day moving average price of $470.01. 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 company has a market capitalization of $154.29 billion, a PE ratio of 55.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $533.29.

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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.42 billion. During the same period last year, the business posted $3.12 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, analysts predict that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. 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.