Laurus Global Equity Management Inc. Has $13.32 Million Position in S&P Global Inc. (NYSE:SPGI)

Laurus Global Equity Management Inc. decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 24.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,215 shares of the business services provider’s stock after selling 8,580 shares during the period. S&P Global comprises approximately 8.9% of Laurus Global Equity Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Laurus Global Equity Management Inc.’s holdings in S&P Global were worth $13,320,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPGI. Stegent Equity Advisors Inc. raised its position in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares during the period. Invenio Wealth Partners LLC increased its position in shares of S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after acquiring an additional 22 shares during the period. Retirement Planning Group LLC increased its position in shares of S&P Global by 0.4% during the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after acquiring an additional 22 shares during the period. Burford Brothers Inc. increased its position in shares of S&P Global by 2.8% during the first quarter. Burford Brothers Inc. now owns 794 shares of the business services provider’s stock worth $403,000 after acquiring an additional 22 shares during the period. Finally, SeaCrest Wealth Management LLC increased its position in shares of S&P Global by 2.1% during the first quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider’s stock worth $575,000 after acquiring an additional 23 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SPGI shares. Robert W. Baird cut their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. UBS Group upped their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday. Oppenheimer upped their price objective on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Morgan Stanley upped their price objective on S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Finally, JPMorgan Chase & Co. cut their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $596.79.

S&P Global Stock Performance

NYSE SPGI opened at $527.05 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a market capitalization of $161.65 billion, a PE ratio of 41.40, a P/E/G ratio of 2.58 and a beta of 1.19. The company has a fifty day moving average of $515.64 and a two-hundred day moving average of $505.48.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $4.01 earnings per share. S&P Global’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.73%. S&P Global’s dividend payout ratio is presently 30.16%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.