Vancity Investment Management Ltd Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

Vancity Investment Management Ltd grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,483 shares of the business services provider’s stock after acquiring an additional 975 shares during the quarter. S&P Global accounts for approximately 2.4% of Vancity Investment Management Ltd’s holdings, making the stock its 11th biggest holding. Vancity Investment Management Ltd’s holdings in S&P Global were worth $17,405,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Exos TFP Holdings LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $26,000. Ridgewood Investments LLC bought a new position in shares of S&P Global in the first quarter worth approximately $28,000. Resources Management Corp CT ADV bought a new position in shares of S&P Global in the first quarter worth approximately $28,000. Addison Advisors LLC boosted its holdings in S&P Global by 74.5% in the first quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Pacifica Partners Inc. boosted its holdings in S&P Global by 76.4% in the first quarter. Pacifica Partners Inc. now owns 97 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 42 shares in the last quarter. 85.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other S&P Global news, insider Saugata Saha sold 200 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $382.00, for a total value of $76,400.00. Following the completion of the transaction, the insider now owns 1,134 shares of the company’s stock, valued at approximately $433,188. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other S&P Global news, insider Adam Jason Kansler sold 10,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $387.38, for a total value of $3,873,800.00. Following the completion of the transaction, the insider now owns 20,961 shares of the company’s stock, valued at approximately $8,119,872.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Saugata Saha sold 200 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $382.00, for a total transaction of $76,400.00. Following the sale, the insider now directly owns 1,134 shares of the company’s stock, valued at approximately $433,188. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,078 shares of company stock valued at $9,407,258. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPGI. Robert W. Baird cut their price target on shares of S&P Global from $460.00 to $451.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Barclays lifted their price target on shares of S&P Global from $425.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, July 28th. TheStreet cut shares of S&P Global from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Bank of America began coverage on shares of S&P Global in a report on Thursday, June 15th. They issued a “buy” rating on the stock. Finally, StockNews.com began coverage on shares of S&P Global in a report on Thursday, August 17th. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $400.94.

S&P Global Price Performance

SPGI opened at $390.81 on Friday. The stock has a 50-day moving average price of $397.41 and a 200-day moving average price of $371.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $124.36 billion, a PE ratio of 53.98, a P/E/G ratio of 2.45 and a beta of 1.12. S&P Global Inc. has a 1 year low of $279.32 and a 1 year high of $428.65.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $3.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $3.12. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.05 billion. S&P Global had a return on equity of 10.45% and a net margin of 19.46%. S&P Global’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.81 EPS. Sell-side analysts predict that S&P Global Inc. will post 12.51 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, August 25th. S&P Global’s dividend payout ratio (DPR) is 49.72%.

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 six segments: 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.