KCM Investment Advisors LLC Sells 1,365 Shares of S&P Global Inc. $SPGI

KCM Investment Advisors LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Joseph Group Capital Management purchased a new position in shares of S&P Global in the 4th quarter worth about $29,000. North Star Investment Management Corp. increased its holdings in S&P Global by 134.6% during the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC bought a new stake in S&P Global in the fourth quarter worth about $36,000. Palisade Asset Management LLC bought a new stake in S&P Global in the third quarter worth about $36,000. Finally, Swiss RE Ltd. purchased a new position in S&P Global in the fourth quarter valued at about $39,000. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. Rothschild & Co Redburn reduced their target price on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research report on Thursday, June 18th. Barclays lowered their price target on shares of S&P Global from $565.00 to $555.00 and set an “overweight” rating on the stock in a report on Tuesday, July 7th. The Goldman Sachs Group dropped their price objective on S&P Global from $539.00 to $490.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Mizuho raised their target price on S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a research note on Monday, July 6th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $533.59.

S&P Global Stock Performance

Shares of SPGI opened at $439.25 on Tuesday. The stock’s 50-day simple moving average is $423.71 and its 200 day simple moving average is $440.76. The stock has a market capitalization of $130.02 billion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global Inc. has a 52-week low of $381.61 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating 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 business had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts forecast that S&P Global Inc. will post 18.37 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Insider Activity

In other news, CEO Martina Cheung bought 2,322 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average price of $429.93 per share, with a total value of $998,297.46. Following the acquisition, the chief executive officer owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the purchase, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 5,974 shares of company stock worth $2,576,775. 0.03% of the stock is owned by company insiders.

S&P Global Company 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.