S&P Global Inc. (NYSE:SPGI) Shares Purchased by Aviso Wealth Management

Aviso Wealth Management boosted its position in S&P Global Inc. (NYSE:SPGI) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 551 shares of the business services provider’s stock after purchasing an additional 28 shares during the quarter. Aviso Wealth Management’s holdings in S&P Global were worth $246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Sapient Capital LLC raised its position in S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 21 shares during the period. Chatham Capital Group Inc. raised its holdings in S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after purchasing an additional 21 shares in the last quarter. D.B. Root & Company LLC lifted its position in S&P Global by 2.4% in the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock valued at $426,000 after acquiring an additional 22 shares during the last quarter. Modera Wealth Management LLC lifted its holdings in shares of S&P Global by 2.3% in the 2nd quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock valued at $428,000 after purchasing an additional 22 shares during the last quarter. Finally, Foundations Investment Advisors LLC lifted its stake in S&P Global by 1.0% in the second quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock valued at $951,000 after buying an additional 22 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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 report on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Bank of America boosted their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus raised their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $548.18.

S&P Global Trading Up 0.2 %

SPGI stock opened at $512.72 on Friday. The business has a fifty day simple moving average of $502.21 and a 200-day simple moving average of $458.23. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $528.02. 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 cap of $160.43 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.91 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the prior year, the business earned $3.12 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities research analysts expect that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio is currently 40.81%.

Insider Buying and Selling

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, 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 value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. 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 quarter. Company insiders own 0.10% of the company’s stock.

S&P Global Profile

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.