Silver Lake Advisory LLC Has $236,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Silver Lake Advisory LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 528 shares of the business services provider’s stock after selling 24 shares during the period. Silver Lake Advisory LLC’s holdings in S&P Global were worth $236,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC lifted its stake in S&P Global by 3.8% during the second quarter. Nemes Rush Group LLC now owns 15,068 shares of the business services provider’s stock worth $6,720,000 after purchasing an additional 545 shares during the last quarter. Magnolia Capital Advisors LLC lifted its position in shares of S&P Global by 201.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 6,178 shares of the business services provider’s stock worth $2,755,000 after buying an additional 4,131 shares during the last quarter. Creative Planning boosted its stake in S&P Global by 7.3% in the second quarter. Creative Planning now owns 45,648 shares of the business services provider’s stock valued at $20,359,000 after buying an additional 3,092 shares in the last quarter. Copperwynd Financial LLC bought a new position in S&P Global in the second quarter valued at about $237,000. Finally, Aviso Wealth Management raised its stake in S&P Global by 5.4% during the second quarter. Aviso Wealth Management now owns 551 shares of the business services provider’s stock worth $246,000 after acquiring an additional 28 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Activity at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction 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 in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 over the last quarter. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.2 %

NYSE SPGI opened at $512.72 on Monday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $160.43 billion, a PE ratio of 57.48, a price-to-earnings-growth ratio of 2.91 and a beta of 1.17. The business’s 50-day moving average price is $502.21 and its two-hundred day moving average price is $458.44.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the firm posted $3.12 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, analysts expect that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 40.81%.

Analyst Ratings Changes

Several brokerages recently issued reports on SPGI. Barclays lifted their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Bank of America increased their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Morgan Stanley boosted their price objective on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Finally, UBS Group increased their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $548.18.

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.