Locust Wood Capital Advisers LLC Invests $6.51 Million in S&P Global Inc (NYSE:SPGI)

Locust Wood Capital Advisers LLC purchased a new position in S&P Global Inc (NYSE:SPGI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 28,565 shares of the business services provider’s stock, valued at approximately $6,507,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Meridian Wealth Management LLC acquired a new position in S&P Global during the first quarter worth $26,000. Harvest Group Wealth Management LLC acquired a new position in S&P Global during the first quarter worth $28,000. Kistler Tiffany Companies LLC increased its position in S&P Global by 220.0% during the first quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock worth $34,000 after buying an additional 110 shares during the last quarter. Berman Capital Advisors LLC increased its position in S&P Global by 59.6% during the first quarter. Berman Capital Advisors LLC now owns 166 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares during the last quarter. Finally, CNB Bank increased its position in S&P Global by 45.9% during the first quarter. CNB Bank now owns 178 shares of the business services provider’s stock worth $37,000 after buying an additional 56 shares during the last quarter. 82.56% of the stock is currently owned by institutional investors and hedge funds.

SPGI stock opened at $253.95 on Friday. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.20 and a quick ratio of 1.20. S&P Global Inc has a 52-week low of $156.68 and a 52-week high of $262.83. The company’s 50-day moving average price is $236.15. The company has a market capitalization of $60.31 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.97 and a beta of 1.08.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.15. S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the prior year, the company earned $2.17 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities analysts forecast that S&P Global Inc will post 9.16 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Monday, August 26th. S&P Global’s payout ratio is presently 26.82%.

In related news, CEO Alexander Matturri, Jr. sold 1,007 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total value of $232,053.08. Following the completion of the sale, the chief executive officer now owns 18,723 shares in the company, valued at $4,314,528.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Nancy Luquette sold 2,200 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $216.85, for a total transaction of $477,070.00. Following the completion of the sale, the senior vice president now owns 2,340 shares of the company’s stock, valued at approximately $507,429. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,312 shares of company stock valued at $4,593,028. 0.20% of the stock is owned by corporate insiders.

Several equities analysts have commented on SPGI shares. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. UBS Group increased their target price on shares of S&P Global from $252.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Morgan Stanley upped their price target on shares of S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a report on Friday. Finally, Raymond James upped their price target on shares of S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a report on Friday. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $244.92.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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