Cypress Asset Management Inc. TX Has $1.72 Million Stake in S&P Global Inc. (NYSE:SPGI)

Cypress Asset Management Inc. TX lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 4,986 shares of the business services provider’s stock after selling 85 shares during the period. Cypress Asset Management Inc. TX’s holdings in S&P Global were worth $1,719,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Exos TFP Holdings LLC bought a new position in S&P Global during the 4th quarter worth approximately $26,000. Ridgewood Investments LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $28,000. Resources Management Corp CT ADV bought a new stake in shares of S&P Global in the 1st quarter valued at $28,000. Addison Advisors LLC raised its stake in S&P Global by 74.5% during the 1st quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock worth $31,000 after buying an additional 38 shares during the period. Finally, Pacifica Partners Inc. lifted its holdings in S&P Global by 76.4% during the first quarter. Pacifica Partners Inc. now owns 97 shares of the business services provider’s stock worth $33,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 85.50% of the company’s stock.

Wall Street Analyst Weigh In

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

S&P Global Stock Up 0.6 %

SPGI traded up $2.31 during trading on Wednesday, reaching $389.60. 189,511 shares of the stock were exchanged, compared to its average volume of 1,239,780. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.78 and a current ratio of 0.78. The stock’s 50 day moving average price is $397.06 and its two-hundred day moving average price is $372.04. S&P Global Inc. has a twelve month low of $279.32 and a twelve month high of $428.65. The stock has a market cap of $123.97 billion, a P/E ratio of 53.64, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12.

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

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were paid a $0.90 dividend. The ex-dividend date was Friday, August 25th. This represents a $3.60 annualized dividend and a yield of 0.92%. S&P Global’s dividend payout ratio is 49.72%.

Insider Activity

In other S&P Global news, insider Adam Jason Kansler sold 10,000 shares of S&P Global stock in a transaction on Friday, August 11th. The shares were sold at an average price of $387.38, for a total transaction of $3,873,800.00. Following the completion of the transaction, the insider now directly owns 20,961 shares of the company’s stock, valued at $8,119,872.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Saugata Saha sold 200 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $390.69, for a total value of $78,138.00. Following the transaction, the insider now owns 2,734 shares of the company’s stock, valued at $1,068,146.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Jason Kansler sold 10,000 shares of S&P Global stock in a transaction that occurred on 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 sale, the insider now directly owns 20,961 shares of the company’s stock, valued at $8,119,872.18. The disclosure for this sale can be found here. Insiders sold a total of 21,857 shares of company stock valued at $8,549,352 over the last three months. Insiders own 0.10% of the company’s stock.

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 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.