Strategic Financial Concepts LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,249 shares of the business services provider’s stock, valued at approximately $50,000.
Other institutional investors have also made changes to their positions in the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $26,000. Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global during the 2nd quarter valued at about $31,000. First Pacific Financial lifted its holdings in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares during the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.
S&P Global Stock Performance
Shares of NYSE SPGI opened at $520.00 on Wednesday. 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 business’s 50 day moving average is $489.43 and its two-hundred day moving average is $450.06. The company has a market cap of $162.76 billion, a P/E ratio of 58.30, a P/E/G ratio of 2.65 and a beta of 1.17. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $521.50.
S&P Global Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.
Analyst Ratings Changes
SPGI has been the subject of several research reports. Barclays lifted their price target on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Bank of America raised their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. UBS Group raised their price objective on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Oppenheimer raised their price objective on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets raised their price objective on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $535.25.
Get Our Latest Stock Report on S&P Global
Insider Transactions at S&P Global
In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 sale, 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. In the last quarter, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is owned by corporate insiders.
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.
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