Advisory Services Network LLC Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

Advisory Services Network LLC raised its position in shares of S&P Global Inc. (NYSE:SPGIGet Rating) by 177.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,570 shares of the business services provider’s stock after purchasing an additional 4,842 shares during the quarter. Advisory Services Network LLC’s holdings in S&P Global were worth $3,105,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SPGI. Wolff Wiese Magana LLC purchased a new stake in shares of S&P Global in the first quarter worth about $25,000. Carolinas Wealth Consulting LLC boosted its position in S&P Global by 714.3% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. Addison Advisors LLC boosted its position in S&P Global by 273.7% during the first quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock worth $29,000 after purchasing an additional 52 shares in the last quarter. Column Capital Advisors LLC boosted its position in S&P Global by 7,700.0% during the first quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock worth $32,000 after purchasing an additional 77 shares in the last quarter. Finally, Mascoma Wealth Management LLC purchased a new position in S&P Global during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.15% of the company’s stock.

Insiders Place Their Bets

In other S&P Global news, insider Martina Cheung sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total transaction of $1,157,340.00. Following the completion of the sale, the insider now owns 6,783 shares of the company’s stock, valued at $2,616,745.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Nancy Luquette sold 3,200 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $367.49, for a total transaction of $1,175,968.00. Following the completion of the transaction, the executive vice president now directly owns 2,467 shares in the company, valued at $906,597.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Martina Cheung sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $385.78, for a total value of $1,157,340.00. Following the transaction, the insider now owns 6,783 shares of the company’s stock, valued at $2,616,745.74. The disclosure for this sale can be found here. Insiders sold a total of 27,150 shares of company stock valued at $10,146,219 over the last quarter. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPGI. Robert W. Baird lowered their price target on S&P Global from $472.00 to $414.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft lowered their price target on S&P Global from $483.00 to $418.00 in a research report on Thursday, June 2nd. Barclays lowered their price target on S&P Global from $450.00 to $385.00 and set an “overweight” rating on the stock in a research report on Friday, June 3rd. Atlantic Securities reduced their target price on S&P Global from $440.00 to $375.00 and set a “neutral” rating for the company in a report on Wednesday, June 8th. Finally, Jefferies Financial Group reduced their target price on S&P Global from $440.00 to $416.00 and set a “buy” rating for the company in a report on Thursday, June 2nd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $416.43.

S&P Global Price Performance

NYSE:SPGI opened at $346.07 on Friday. S&P Global Inc. has a one year low of $311.87 and a one year high of $484.21. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $115.41 billion, a PE ratio of 25.86, a P/E/G ratio of 2.55 and a beta of 1.05. The stock has a 50 day moving average price of $365.83 and a 200 day moving average price of $366.71.

S&P Global (NYSE:SPGIGet Rating) last posted its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.91 by ($0.10). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $3 billion. S&P Global had a return on equity of 17.22% and a net margin of 38.49%. S&P Global’s revenue was up 42.1% compared to the same quarter last year. During the same period last year, the business earned $3.62 EPS. Equities research analysts expect that S&P Global Inc. will post 11.49 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $3.40 annualized dividend and a yield of 0.98%. S&P Global’s dividend payout ratio (DPR) is 25.34%.

S&P Global Profile

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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

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