Ballentine Partners LLC Buys 437 Shares of S&P Global Inc. (NYSE:SPGI)

Ballentine Partners LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,730 shares of the business services provider’s stock after acquiring an additional 437 shares during the period. Ballentine Partners LLC’s holdings in S&P Global were worth $3,477,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in shares of S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the third quarter worth $27,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in shares of S&P Global during the 2nd quarter worth about $31,000. Finally, First Pacific Financial boosted its position 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 valued at $33,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on SPGI shares. Morgan Stanley increased their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Royal Bank of Canada lifted their price objective on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $565.92.

Insiders Place Their Bets

In other news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,862 shares of company stock valued at $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $493.10 on Friday. The business’s 50-day simple moving average is $513.82 and its 200 day simple moving average is $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 stock has a market cap of $154.34 billion, a price-to-earnings ratio of 46.74, a P/E/G ratio of 2.76 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 earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm earned $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts anticipate that S&P Global Inc. will post 14.79 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. Shareholders 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 yield of 0.74%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 34.50%.

S&P Global Company 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.