D Orazio & Associates Inc. Has $301,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

D Orazio & Associates Inc. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 13.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 675 shares of the business services provider’s stock after purchasing an additional 80 shares during the quarter. D Orazio & Associates Inc.’s holdings in S&P Global were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Gilbert & Cook Inc. boosted its holdings in shares of S&P Global by 7.8% during the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 83 shares in the last quarter. Aveo Capital Partners LLC bought a new position in S&P Global in the fourth quarter valued at about $215,000. 9258 Wealth Management LLC boosted its stake in shares of S&P Global by 30.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock valued at $774,000 after purchasing an additional 410 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of S&P Global by 75.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock worth $1,018,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in shares of S&P Global by 8.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,618 shares of the business services provider’s stock valued at $3,796,000 after buying an additional 691 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insider Activity

In other news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Edouard Tavernier sold 500 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Down 0.8 %

Shares of NYSE:SPGI opened at $515.81 on Thursday. The stock has a market capitalization of $161.40 billion, a P/E ratio of 57.83, a price-to-earnings-growth ratio of 2.65 and a beta of 1.17. The stock’s 50-day moving average price is $490.75 and its 200-day moving average price is $450.52. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $521.50.

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 the consensus estimate of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.12 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio is currently 40.81%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SPGI shares. Bank of America lifted their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Barclays upped their target price on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. BMO Capital Markets increased their price objective on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, UBS Group increased their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price 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.