Goodman Advisory Group LLC Has $257,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Goodman Advisory Group LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 576 shares of the business services provider’s stock after selling 80 shares during the quarter. Goodman Advisory Group LLC’s holdings in S&P Global were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Sapient Capital LLC grew its holdings in shares of S&P Global by 2.5% in the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares during the last quarter. Chatham Capital Group Inc. grew its stake 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 buying an additional 21 shares during the last quarter. D.B. Root & Company LLC grew its stake in S&P Global by 2.4% during the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after buying an additional 22 shares during the last quarter. Modera Wealth Management LLC increased its holdings in shares of S&P Global by 2.3% during the second quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after buying an additional 22 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of 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 acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $512.72 on Friday. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $528.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $160.43 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.91 and a beta of 1.17. The firm has a fifty day moving average of $502.21 and a two-hundred day moving average of $458.02.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company posted $3.12 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 14.57 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Insider Activity

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other S&P Global news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated 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 $715,205.25. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SPGI shares. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Morgan Stanley lifted their price target on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Bank of America raised their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. Finally, Oppenheimer increased their price target on shares of S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $548.18.

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.