Focus Partners Wealth Acquires 52,505 Shares of S&P Global Inc. (NYSE:SPGI)

Focus Partners Wealth increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 32.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 215,527 shares of the business services provider’s stock after purchasing an additional 52,505 shares during the period. Focus Partners Wealth owned 0.07% of S&P Global worth $107,690,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global in the 4th quarter valued at $27,000. Human Investing LLC bought a new stake in S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. raised its holdings in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

S&P Global Trading Down 0.0 %

Shares of NYSE:SPGI opened at $507.44 on Friday. The company has a market capitalization of $155.63 billion, a PE ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 12-month low of $419.49 and a 12-month high of $545.39. The business has a 50 day moving average of $486.24 and a two-hundred day moving average of $501.60. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm posted $4.01 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global’s dividend payout ratio is presently 30.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SPGI shares. Wells Fargo & Company boosted their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price target on the stock. UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Robert W. Baird lowered their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $592.71.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.