Jacobi Capital Management LLC Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Jacobi Capital Management LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 15.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,588 shares of the business services provider’s stock after buying an additional 208 shares during the period. Jacobi Capital Management LLC’s holdings in S&P Global were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Industrial Alliance Investment Management Inc. purchased a new stake in shares of S&P Global in the fourth quarter valued at about $25,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of S&P Global by 714.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at about $28,000. Addison Advisors LLC lifted its holdings in shares of S&P Global by 273.7% in the first quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 52 shares in the last quarter. Finally, Column Capital Advisors LLC lifted its holdings in shares of S&P Global by 7,700.0% in the first quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 94.26% of the company’s stock.

Insider Activity

In other news, EVP Nancy Luquette sold 2,287 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $333.74, for a total value of $763,263.38. Following the completion of the transaction, the executive vice president now directly owns 5,667 shares in the company, valued at $1,891,304.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Nancy Luquette sold 2,287 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $333.74, for a total value of $763,263.38. Following the completion of the transaction, the executive vice president now directly owns 5,667 shares in the company, valued at $1,891,304.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dimitra Manis sold 2,000 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $336.53, for a total transaction of $673,060.00. Following the completion of the transaction, the executive vice president now owns 4,839 shares of the company’s stock, valued at $1,628,468.67. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,487 shares of company stock worth $2,612,291. 0.10% of the stock is currently owned by company insiders.

S&P Global Price Performance

S&P Global stock opened at $376.65 on Friday. S&P Global Inc. has a 52-week low of $311.87 and a 52-week high of $484.21. The firm has a fifty day moving average of $345.78 and a 200-day moving average of $372.31. The firm has a market capitalization of $128.00 billion, a P/E ratio of 28.07, a PEG ratio of 2.67 and a beta of 1.04. The company has a quick ratio of 1.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.27.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.12). S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the company earned $3.62 EPS. S&P Global’s revenue was up 42.1% on a year-over-year basis. As a group, analysts predict that S&P Global Inc. will post 11.5 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 26th will be paid a $0.85 dividend. The ex-dividend date is Thursday, August 25th. This represents a $3.40 annualized dividend and a dividend yield of 0.90%. S&P Global’s dividend payout ratio (DPR) is presently 25.34%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SPGI shares. Raymond James reduced their price objective on shares of S&P Global from $462.00 to $417.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. UBS Group reduced their price objective on shares of S&P Global from $441.00 to $407.00 and set a “buy” rating on the stock in a research note on Monday, June 6th. Morgan Stanley reduced their price objective on shares of S&P Global from $398.00 to $390.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays reduced their price objective on shares of S&P Global from $450.00 to $385.00 and set an “overweight” rating on the stock in a research note on Friday, June 3rd. Finally, Jefferies Financial Group reduced their price objective on shares of S&P Global from $440.00 to $416.00 and set a “buy” rating on the stock in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $422.00.

About S&P Global

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

Further Reading

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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