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Horizon Investments LLC Raises Position in S&P Global Inc. (NYSE:SPGI)

Horizon Investments LLC raised its holdings in S&P Global Inc. (NYSE:SPGIGet Rating) by 251.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,989 shares of the business services provider’s stock after buying an additional 4,284 shares during the period. Horizon Investments LLC’s holdings in S&P Global were worth $2,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at $25,000. Carolinas Wealth Consulting LLC raised its holdings in shares of S&P Global by 714.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of S&P Global by 273.7% in the 1st quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 52 shares in the last quarter. Column Capital Advisors LLC raised its holdings in shares of S&P Global by 7,700.0% in the 1st quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 77 shares in the last quarter. Finally, Mascoma Wealth Management LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 88.15% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. Atlantic Securities reduced their price objective on shares of S&P Global from $440.00 to $375.00 and set a “neutral” rating on the stock in a report on Wednesday, June 8th. Robert W. Baird reduced their price objective on shares of S&P Global from $472.00 to $414.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Royal Bank of Canada cut their price target on shares of S&P Global from $540.00 to $434.00 in a research note on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of S&P Global from $483.00 to $418.00 in a research note on Thursday, June 2nd. Finally, Oppenheimer lifted their price target on shares of S&P Global from $404.00 to $419.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $416.43.

Insider Activity

In other news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the sale, the executive vice president now owns 2,467 shares of the company’s stock, valued at $906,597.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Nancy Luquette sold 3,200 shares of S&P Global stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the sale, the executive vice president now owns 2,467 shares of the company’s stock, valued at $906,597.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Martina Cheung sold 3,000 shares of S&P Global stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $385.78, for a total transaction of $1,157,340.00. Following the completion of the sale, the insider now directly owns 6,783 shares in the company, valued at approximately $2,616,745.74. The disclosure for this sale can be found here. Insiders have sold a total of 27,150 shares of company stock valued at $10,146,219 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.6 %

NYSE SPGI opened at $369.42 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $123.20 billion, a PE ratio of 27.53, a P/E/G ratio of 2.68 and a beta of 1.05. S&P Global Inc. has a one year low of $311.87 and a one year high of $484.21. The firm’s fifty day moving average is $365.08 and its two-hundred day moving average is $367.26.

S&P Global (NYSE:SPGIGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The company’s revenue for the quarter was up 42.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.62 earnings per share. Analysts expect that S&P Global Inc. will post 11.49 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Stockholders of record on Friday, August 26th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, August 25th. S&P Global’s payout ratio is 25.34%.

S&P Global Profile

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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.

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