S&P Global Inc. (NYSE:SPGI) Shares Bought by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,202 shares of the business services provider’s stock after purchasing an additional 9,374 shares during the quarter. Crawford Investment Counsel Inc. owned 0.07% of S&P Global worth $71,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cooper Financial Group lifted its stake in shares of S&P Global by 2.3% in the first quarter. Cooper Financial Group now owns 1,136 shares of the business services provider’s stock worth $466,000 after acquiring an additional 26 shares in the last quarter. Cordasco Financial Network lifted its stake in shares of S&P Global by 32.2% in the first quarter. Cordasco Financial Network now owns 119 shares of the business services provider’s stock worth $49,000 after acquiring an additional 29 shares in the last quarter. Country Trust Bank lifted its stake in shares of S&P Global by 8.5% in the first quarter. Country Trust Bank now owns 370 shares of the business services provider’s stock worth $152,000 after acquiring an additional 29 shares in the last quarter. Hendershot Investments Inc. lifted its stake in shares of S&P Global by 6.2% in the first quarter. Hendershot Investments Inc. now owns 499 shares of the business services provider’s stock worth $205,000 after acquiring an additional 29 shares in the last quarter. Finally, Sand Hill Global Advisors LLC lifted its stake in shares of S&P Global by 6.1% in the fourth quarter. Sand Hill Global Advisors LLC now owns 541 shares of the business services provider’s stock worth $255,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 88.15% of the company’s stock.

Insiders Place Their Bets

In other S&P Global news, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the completion of the sale, the insider now directly owns 6,783 shares in the company, valued at $2,616,745.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other S&P Global news, insider Martina Cheung sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the completion of the sale, the insider now directly owns 6,783 shares in the company, valued at $2,616,745.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John L. Berisford sold 13,450 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $370.59, for a total value of $4,984,435.50. Following the completion of the sale, the insider now owns 24,430 shares of the company’s stock, valued at $9,053,513.70. The disclosure for this sale can be found here. Insiders sold 27,150 shares of company stock worth $10,146,219 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. Robert W. Baird cut their price objective on S&P Global from $472.00 to $414.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. Morgan Stanley cut their price objective on S&P Global from $398.00 to $390.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 3rd. Barclays cut their price objective on 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. Jefferies Financial Group cut their price objective on 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. Finally, BMO Capital Markets cut their price objective on S&P Global from $433.00 to $365.00 in a research note on Thursday, June 2nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.43.

S&P Global Stock Performance

Shares of SPGI stock opened at $369.42 on Friday. S&P Global Inc. has a 12-month low of $311.87 and a 12-month high of $484.21. The firm has a market capitalization of $123.20 billion, a price-to-earnings ratio of 27.53, a price-to-earnings-growth ratio of 2.64 and a beta of 1.05. The business has a 50 day simple moving average of $365.08 and a 200 day simple moving average of $367.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 1.26.

S&P Global (NYSE:SPGIGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). 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 the consensus estimate of $3 billion. During the same period last year, the company earned $3.62 earnings per share. The business’s quarterly revenue was up 42.1% compared to the same quarter last year. On average, equities research analysts anticipate that S&P Global Inc. will post 11.49 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. Shareholders of record on Friday, August 26th will be given a $0.85 dividend. The ex-dividend date is Thursday, August 25th. This represents a $3.40 dividend on an annualized basis and a yield of 0.92%. S&P Global’s dividend payout ratio (DPR) is 25.34%.

About S&P Global

(Get Rating)

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.

Read More

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.