Chemical Bank increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 30.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,302 shares of the business services provider’s stock after acquiring an additional 765 shares during the period. Chemical Bank’s holdings in S&P Global were worth $482,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of S&P Global by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock valued at $2,535,747,000 after purchasing an additional 740,631 shares in the last quarter. BlackRock Inc. raised its position in shares of S&P Global by 1,866.9% in the 1st quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock valued at $2,020,285,000 after purchasing an additional 14,667,076 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of S&P Global by 4.2% in the 1st quarter. OppenheimerFunds Inc. now owns 6,211,104 shares of the business services provider’s stock valued at $812,041,000 after purchasing an additional 251,294 shares in the last quarter. Independent Franchise Partners LLP raised its position in shares of S&P Global by 0.6% in the 2nd quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock valued at $727,723,000 after purchasing an additional 30,708 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of S&P Global by 4.5% in the 1st quarter. Ameriprise Financial Inc. now owns 4,151,759 shares of the business services provider’s stock valued at $542,786,000 after purchasing an additional 177,338 shares in the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Shares of S&P Global Inc. (NYSE SPGI) opened at 154.00 on Friday. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35. The stock has a 50 day moving average price of $151.84 and a 200-day moving average price of $142.07. The company has a market capitalization of $39.58 billion, a P/E ratio of 17.94 and a beta of 1.51.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts predict that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were paid a dividend of $0.41 per share. The ex-dividend date was Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.06%. S&P Global’s payout ratio is 19.16%.

In related news, SVP Nancy Luquette sold 860 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the sale, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

SPGI has been the topic of a number of recent analyst reports. Argus reaffirmed a “buy” rating and issued a $158.00 target price (up from $150.00) on shares of S&P Global in a research report on Monday, May 29th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a research report on Monday, August 14th. UBS AG upped their target price on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $146.00 target price (up from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Finally, BMO Capital Markets upped their target price on S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research report on Friday, July 14th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $157.00.

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S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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