S&P Global Inc. (NYSE:SPGI) is CCLA Investment Management's 7th Largest Position

Key Points

• CCLA Investment Management has increased its stake in S&P Global by 0.4% in Q1, now holding 311,566 shares, representing approximately 2.8% of its total portfolio.
• S&P Global's recent quarterly earnings exceeded expectations, reporting $4.43 EPS and $3.76 billion in revenue, with a year-over-year revenue growth of 5.8%.
• The company declared a quarterly dividend of $0.96 per share, to be paid on September 10th, with a 0.7% yield and a payout ratio of 30.16%.

CCLA Investment Management increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 311,566 shares of the business services provider's stock after purchasing an additional 1,134 shares during the period. S&P Global accounts for about 2.8% of CCLA Investment Management's holdings, making the stock its 7th biggest holding. CCLA Investment Management owned 0.10% of S&P Global worth $158,356,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the 1st quarter valued at about $26,000. J. Safra Sarasin Holding AG raised its stake in S&P Global by 863.4% during the 1st quarter. J. Safra Sarasin Holding AG now owns 36,069 shares of the business services provider's stock valued at $18,327,000 after acquiring an additional 32,325 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its stake in S&P Global by 2.1% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,419 shares of the business services provider's stock valued at $8,853,000 after acquiring an additional 355 shares during the last quarter. Mirabaud & Cie SA raised its stake in S&P Global by 1.4% during the 1st quarter. Mirabaud & Cie SA now owns 5,958 shares of the business services provider's stock valued at $3,027,000 after acquiring an additional 84 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp raised its stake in S&P Global by 0.7% during the 1st quarter. UNIVEST FINANCIAL Corp now owns 33,996 shares of the business services provider's stock valued at $17,274,000 after acquiring an additional 226 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on SPGI shares. UBS Group upped their price objective on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Stifel Nicolaus reduced their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. BMO Capital Markets upped their price objective on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday. Oppenheimer upped their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley upped their price objective on S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $611.69.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company's stock.

S&P Global Stock Performance

NYSE SPGI opened at $544.86 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The business's 50 day moving average is $520.65 and its two-hundred day moving average is $509.15. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $558.86. The stock has a market capitalization of $167.11 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 2.63 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. S&P Global's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 earnings per share. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's payout ratio is currently 30.16%.

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.

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