Brighton Jones LLC Has $1.57 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Brighton Jones LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,033 shares of the business services provider’s stock after selling 80 shares during the quarter. Brighton Jones LLC’s holdings in S&P Global were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SPGI. International Assets Investment Management LLC grew its position in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after buying an additional 466,757 shares during the last quarter. Lake Street Private Wealth LLC acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $208,000. Elevated Capital Advisors LLC grew its stake in S&P Global by 1.7% in the third quarter. Elevated Capital Advisors LLC now owns 1,873 shares of the business services provider’s stock valued at $968,000 after acquiring an additional 31 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of S&P Global by 54.4% in the third quarter. Bank Pictet & Cie Europe AG now owns 72,066 shares of the business services provider’s stock valued at $37,231,000 after buying an additional 25,400 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in S&P Global in the 3rd quarter valued at about $1,750,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $493.10 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $154.29 billion, a P/E ratio of 55.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The company’s 50-day moving average is $513.82 and its 200 day moving average is $470.01.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $3.12 EPS. Research analysts forecast that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 40.81%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SPGI shares. Evercore ISI began coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. UBS Group increased their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. lifted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Oppenheimer lifted their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $565.17.

Insider Buying and Selling at S&P Global

In related news, EVP Steven J. Kemps sold 2,700 shares of the 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 $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edouard Tavernier sold 500 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 $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 over the last quarter. 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.