Next Capital Management LLC Acquires New Position in S&P Global Inc. (NYSE:SPGI)

Next Capital Management LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 495 shares of the business services provider’s stock, valued at approximately $221,000.

Other large investors also recently modified their holdings of the company. HWG Holdings LP bought a new stake in S&P Global in the second quarter worth $27,000. EP Wealth Advisors LLC increased its position in shares of S&P Global by 3.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 105,910 shares of the business services provider’s stock valued at $47,236,000 after purchasing an additional 3,833 shares during the last quarter. Kampmann Melissa S. raised its holdings in S&P Global by 0.3% during the 2nd quarter. Kampmann Melissa S. now owns 8,284 shares of the business services provider’s stock valued at $3,695,000 after buying an additional 21 shares during the period. Regal Investment Advisors LLC lifted its position in S&P Global by 0.6% in the second quarter. Regal Investment Advisors LLC now owns 4,546 shares of the business services provider’s stock worth $2,028,000 after buying an additional 29 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in S&P Global by 53.2% during the second quarter. NewEdge Advisors LLC now owns 15,635 shares of the business services provider’s stock worth $6,973,000 after buying an additional 5,429 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the firm’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 $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock valued at $8,645,727 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. BMO Capital Markets raised their price objective on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus lifted their price objective on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Oppenheimer increased their price objective on shares of S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on 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 Stock Performance

Shares of SPGI stock opened at $516.62 on Tuesday. The business has a fifty day moving average of $502.79 and a 200 day moving average of $459.10. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $528.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $161.65 billion, a price-to-earnings ratio of 57.92, a price-to-earnings-growth ratio of 2.91 and a beta of 1.17.

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

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is presently 40.81%.

About S&P Global

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.