Moss Adams Wealth Advisors LLC Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Moss Adams Wealth Advisors LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 59.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 818 shares of the business services provider’s stock after purchasing an additional 304 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in S&P Global were worth $423,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in S&P Global by 107.2% in 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 purchasing an additional 2,962 shares during the period. AAFMAA Wealth Management & Trust LLC bought a new stake in S&P Global during the first quarter valued at $1,222,000. Quadrature Capital Ltd purchased a new position in S&P Global during the first quarter worth about $2,236,000. New Mexico Educational Retirement Board increased its stake in S&P Global by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock worth $8,444,000 after acquiring an additional 3,500 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of S&P Global by 21.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after acquiring an additional 6,162 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas L. Peterson sold 7,000 shares of the company’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 transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of S&P Global 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 sale, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 1.1 %

Shares of SPGI stock opened at $524.80 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 business has a 50-day moving average of $512.21 and a 200 day moving average of $467.89. The stock has a market capitalization of $164.21 billion, a PE ratio of 58.83, a P/E/G 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.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter last year, the business earned $3.12 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Bank of America lifted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Oppenheimer increased their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, UBS Group lifted their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $565.17.

S&P Global Company 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.