Veracity Capital LLC Purchases 33 Shares of S&P Global Inc. (NYSE:SPGI)

Veracity Capital LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 691 shares of the business services provider’s stock after buying an additional 33 shares during the period. Veracity Capital LLC’s holdings in S&P Global were worth $357,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors increased its holdings in shares of S&P Global by 5.3% during the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after purchasing an additional 291,712 shares during the period. Legal & General Group Plc lifted its holdings in shares of S&P Global by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after acquiring an additional 29,227 shares during the period. Ameriprise Financial Inc. boosted its position in shares of S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares in the last quarter. Sustainable Growth Advisers LP boosted its position in shares of S&P Global by 2.1% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock valued at $935,885,000 after acquiring an additional 46,131 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in S&P Global by 1.4% in the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after acquiring an additional 20,624 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.1 %

SPGI opened at $524.80 on Friday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $533.29. The company has a market cap of $164.21 billion, a price-to-earnings ratio of 58.83, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a 50 day simple moving average of $512.21 and a 200 day simple moving average of $468.18.

S&P Global (NYSE:SPGI) last issued its earnings results 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. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the previous year, the company posted $3.12 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.69%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is 40.81%.

Insiders Place Their Bets

In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value 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. This represents 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. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. Wells Fargo & Company upped their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets raised 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. Stifel Nicolaus lifted their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Oppenheimer increased their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley lifted 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. Two research 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, the company has an average 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.