Mayflower Financial Advisors LLC Has $341,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Mayflower Financial Advisors LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 765 shares of the business services provider’s stock after purchasing an additional 29 shares during the period. Mayflower Financial Advisors LLC’s holdings in S&P Global were worth $341,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Private Wealth Management Group LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $26,000. Hobbs Group Advisors LLC acquired a new position in S&P Global during the 2nd quarter worth about $31,000. First Pacific Financial lifted its position in S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after buying an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in S&P Global during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edouard Tavernier sold 500 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 $245,775.00. Following the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. In the last three months, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by company insiders.

S&P Global Stock Performance

Shares of SPGI stock opened at $517.00 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 stock has a market cap of $161.77 billion, a PE ratio of 57.96, a price-to-earnings-growth ratio of 2.67 and a beta of 1.16. The stock has a 50-day moving average of $485.35 and a 200-day moving average of $447.98. S&P Global Inc. has a one year low of $340.49 and a one year high of $518.59.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS 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 analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.12 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 14.57 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. S&P Global’s dividend payout ratio is presently 40.81%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPGI. Royal Bank of Canada upped their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Barclays upped their price target on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. UBS Group upped their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Morgan Stanley upped their price target on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price target on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $535.25.

About S&P Global

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.