Kathleen S. Wright Associates Inc. Grows Stake in S&P Global Inc. (NYSE:SPGI)

Kathleen S. Wright Associates Inc. lifted its position in S&P Global Inc. (NYSE:SPGI) by 25.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100 shares of the business services provider’s stock after purchasing an additional 20 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in S&P Global were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pineridge Advisors LLC purchased a new stake in shares of S&P Global in the 4th quarter worth $26,000. HWG Holdings LP purchased a new stake in shares of S&P Global in the second quarter valued at $27,000. Sachetta LLC increased its position in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Hobbs Group Advisors LLC bought a new position in shares of S&P Global in the 2nd quarter worth $31,000. Finally, First Pacific Financial boosted its holdings in shares of S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.9 %

Shares of SPGI stock traded up $4.54 on Monday, reaching $526.55. 225,375 shares of the company’s stock traded hands, compared to its average volume of 1,194,942. The business’s 50 day moving average price is $507.74 and its two-hundred day moving average price is $464.97. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $164.76 billion, a P/E ratio of 58.52, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $528.02.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) 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 analyst estimates of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.12 EPS. On average, equities analysts forecast that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Dividend Announcement

The business 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 $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.69%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SPGI shares. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets boosted their target price on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus increased their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $560.83.

Insiders Place Their Bets

In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred 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 owns 13,217 shares in the company, valued at $6,496,816.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock valued at $8,645,727 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

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.