KCM Investment Advisors LLC Lowers Stake in S&P Global Inc. $SPGI

KCM Investment Advisors LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,107 shares of the business services provider’s stock after selling 1,365 shares during the period. KCM Investment Advisors LLC’s holdings in S&P Global were worth $4,299,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP boosted its holdings in S&P Global by 28.2% in the first quarter. Quantinno Capital Management LP now owns 137,199 shares of the business services provider’s stock valued at $58,356,000 after acquiring an additional 30,175 shares in the last quarter. Soroban Capital Partners LP raised its holdings in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in S&P Global in the 1st quarter worth $17,992,000. SummitTX Capital L.P. purchased a new stake in shares of S&P Global in the 1st quarter worth about $2,630,000. Finally, Family Manage LLC purchased a new stake in shares of S&P Global in the 1st quarter worth about $221,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research analyst reports. Daiwa Securities Group lowered their price objective on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a report on Wednesday, May 20th. Royal Bank Of Canada decreased their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. UBS Group decreased their target price on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Evercore lowered their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group dropped their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Eighteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $533.59.

S&P Global Price Performance

Shares of SPGI opened at $439.25 on Tuesday. The firm has a fifty day simple moving average of $423.71 and a two-hundred day simple moving average of $440.76. The firm has a market cap of $130.02 billion, a PE ratio of 27.80, a P/E/G ratio of 2.16 and a beta of 1.08. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm had revenue of $4.17 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the business posted $4.37 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that S&P Global Inc. will post 18.37 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 24.56%.

Insider Buying and Selling at S&P Global

In other news, CEO Martina Cheung purchased 2,322 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Catherine R. Clay bought 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The shares were acquired at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 5,974 shares of company stock worth $2,576,775 in the last three months. 0.03% of the stock is currently owned by company insiders.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.