Voisard Asset Management Group Inc. Buys 27 Shares of S&P Global Inc. (NYSE:SPGI)

Voisard Asset Management Group Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 77.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62 shares of the business services provider’s stock after buying an additional 27 shares during the quarter. Voisard Asset Management Group Inc.’s holdings in S&P Global were worth $32,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. HWG Holdings LP acquired a new position in S&P Global in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the third quarter valued at approximately $27,000. Sachetta LLC raised its holdings in 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 during the last quarter. Hobbs Group Advisors LLC acquired a new stake in S&P Global during the 2nd quarter worth approximately $31,000. Finally, First Pacific Financial grew its holdings in S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after acquiring an additional 24 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas L. Peterson sold 7,000 shares of the company’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 completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction 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 sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

S&P Global Price Performance

Shares of NYSE SPGI opened at $486.03 on Thursday. The firm has a market capitalization of $152.08 billion, a P/E ratio of 54.49, a P/E/G ratio of 2.76 and a beta of 1.18. The firm’s 50-day moving average price is $513.17 and its 200-day moving average price is $472.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $342.93 and a 1-year high of $533.29.

S&P Global (NYSE:SPGIGet Free Report) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the business earned $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post 14.79 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 40.81%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SPGI shares. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Barclays raised their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Morgan Stanley lifted their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $571.31.

Check Out Our Latest Stock Report on SPGI

S&P Global Profile

(Free Report)

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.

See Also

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

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