Callan Family Office LLC Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Key Points

• Callan Family Office LLC increased its stake in S&P Global Inc. by 12.8% during the 1st quarter, owning a total of 21,114 shares valued at approximately $10.7 million.
• S&P Global reported a quarterly earnings per share of $4.43, exceeding analysts' expectations and reflecting a 5.8% year-over-year revenue increase to $3.76 billion.
• The company declared a quarterly dividend of $0.96 per share, representing a 0.7% dividend yield and scheduled for payment to stockholders on September 10th.

Callan Family Office LLC grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,114 shares of the business services provider's stock after acquiring an additional 2,390 shares during the period. S&P Global comprises approximately 0.8% of Callan Family Office LLC's portfolio, making the stock its 24th largest position. Callan Family Office LLC's holdings in S&P Global were worth $10,728,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global in the fourth quarter valued at $25,000. Costello Asset Management INC purchased a new stake in S&P Global in the first quarter valued at $26,000. Cheviot Value Management LLC purchased a new stake in S&P Global in the first quarter valued at $26,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global in the fourth quarter valued at $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the first quarter valued at $28,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SPGI shares. Wells Fargo & Company boosted their price target on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $611.69.

S&P Global Stock Performance

Shares of S&P Global stock traded up $3.47 on Wednesday, reaching $562.53. 1,047,388 shares of the stock were exchanged, compared to its average volume of 1,197,488. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average price of $528.18 and a two-hundred day moving average price of $512.02. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $566.56. The firm has a market capitalization of $171.74 billion, a PE ratio of 43.27, a PEG ratio of 2.99 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the business posted $4.04 earnings per share. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is 29.54%.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.