Fermata Advisors LLC Has $320,000 Stake in S&P Global Inc. (NYSE:SPGI)

Fermata Advisors LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 620 shares of the business services provider’s stock after purchasing an additional 25 shares during the period. Fermata Advisors LLC’s holdings in S&P Global were worth $320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares in the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new stake in shares of S&P Global during the 1st quarter valued at about $1,222,000. Quadrature Capital Ltd acquired a new stake in shares of S&P Global during the 1st quarter valued at about $2,236,000. New Mexico Educational Retirement Board boosted its position in shares of S&P Global by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock valued at $8,444,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Eventide Asset Management LLC boosted its position in shares of S&P Global by 85.0% during the 4th quarter. Eventide Asset Management LLC now owns 4,208 shares of the business services provider’s stock valued at $1,854,000 after acquiring an additional 1,933 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. 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 through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Trading Up 1.3 %

SPGI opened at $521.86 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 company has a market cap of $163.34 billion, a price-to-earnings ratio of 49.47, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The firm has a 50 day simple moving average of $507.74 and a 200 day simple moving average of $464.36. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the previous year, the firm posted $3.12 earnings per share. S&P Global’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, sell-side analysts anticipate that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is 34.50%.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Wells Fargo & Company boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Stifel Nicolaus boosted their price target on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $560.83.

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.