Brown Brothers Harriman & Co. Has $256.69 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Brown Brothers Harriman & Co. decreased its position in S&P Global Inc. (NYSE:SPGI) by 2.1% during the 2nd quarter, Holdings Channel reports. The firm owned 575,533 shares of the business services provider’s stock after selling 12,151 shares during the quarter. S&P Global makes up 1.9% of Brown Brothers Harriman & Co.’s investment portfolio, making the stock its 19th biggest holding. Brown Brothers Harriman & Co.’s holdings in S&P Global were worth $256,688,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pineridge Advisors LLC acquired a new position in S&P Global in the fourth quarter worth $26,000. Sachetta LLC raised its holdings in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Hobbs Group Advisors LLC bought a new stake in S&P Global during the 2nd quarter worth about $31,000. First Pacific Financial increased its position in S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC bought a new position in shares of S&P Global in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $519.45 on Monday. The firm’s 50 day moving average is $493.49 and its 200-day moving average is $451.92. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $162.59 billion, a PE ratio of 58.23, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $524.14.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.12 EPS. Equities research analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th were paid a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio is 40.81%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, BMO Capital Markets upped their target price on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $548.18.

Insiders Place Their Bets

In other 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 value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of 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 insiders.

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.