Schechter Investment Advisors LLC has grown its holdings in shares of S&P Global Inc. (NYSE: SPGI – Free Report) increased 14.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,433 shares of the business services provider after purchasing an additional 438 shares during the quarter. Schechter Investment Advisors LLC’s holdings in S&P Global were valued at $1,183,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings in SPGI. Exos TFP Holdings LLC purchased a new position in S&P Global stock during the fourth quarter worth approximately $26,000. Accurate Wealth Management LLC purchased a new position in S&P Global stock during the fourth quarter for approximately $28,000. Ridgewood Investments LLC purchased a new position in S&P Global stock during the first quarter valued at approximately $28,000. Pacifica Partners Inc. increased Its stake in S&P Global stock increased by 76.4% during the first quarter. Pacifica Partners Inc. Now 97 shares of the business services provider worth $33,000 after purchasing an additional 42 shares during the period. Finally, GBS Group bought Wealth Strategies LLC. Institutional investors own 87.25% of the company’s shares.
S&P Global Price Performance
NYSE: SPGI opened at $417.39 on Tuesday. Register S&P Global Inc. The 12-month low is at $279.32 and the 12-month high is at $418.64. The company has a market capitalization of $134.40 billion, a PE ratio of 49.10, a price-to-earnings growth ratio of 2.56 and a beta of 1.12. The company has a quick ratio of 0.91, a trading ratio of 0.91 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average is $382.14 and its 200-day moving average is $361.95.
S&P Global (NYSE: SPGI – Get Free Report) last reported its earnings results on Thursday, April 27th. The business services provider reported earnings of $3.15 per share for the quarter, beating analyst estimates of $2.92 by $0.23. S&P Global net margin was 23.50% and return on equity was 10.06%. The company had revenue of $3.16 billion for the quarter, compared to consensus estimates of $3.06 billion. During the same period in the previous year, the company reported earnings of $2.89 per share. The company’s revenue increased 2.9% year over year. On average, equity analysts expect S&P Global Inc. 12.54 earnings per share for the current fiscal year.
Global Dividend Announcement from Standard & Poor’s
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will receive a cash dividend of $0.90. This represents a dividend of $3.60 yoy and a dividend yield of 0.86%. Due date is Friday, August 25th. S&P Global’s dividend yield is currently 42.35%.
Wall Street analyst weighs in
SPGI has been the subject of many research reports. Wells Fargo & Company began coverage of S&P Global stock in a report on Tuesday, May 9th. They assigned an “Overweight” rating and a price target of $415.00 per share. Oppenheimer raised its price target for shares of S&P Global from $403.00 to $405.00 and gave the company an “outperform” rating in a research report on Tuesday, April 4th. Bank of America began covering shares of S&P Global in a research report on Thursday, June 15th. They assigned a “buy” rating to the stock. StockNews.com finally began covering S&P Global stock in a research report on Thursday, May 18th. They assigned a “hold” rating to the stock. One investment analyst has rated the stock with a hold rating, and sixteen have given a buy rating to the stock. Based on MarketBeat data, the stock has an average rating of “Moderate Buy” and a consensus price target of $395.00.
Insiders place their bets
In other S&P Global news, Chief Financial Officer Ewout L. Steenbergen sold 5,700 shares of the company’s stock in a transaction dated Friday, April 28th. The shares sold at an average price of $355.03, for a total value of $2023,671.00. After completing the transaction, the CFO now directly owns 27,904 shares of the company’s stock, valued at $9,906,757.12. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this hyperlink. In related news, Chief Financial Officer Ewout L. Steenbergen sold 5,700 shares of the company’s stock in a transaction that took place on Friday, April 28th. The shares were sold at an average price of $355.03, for a transaction total of $2,023,671.00. After completing the sale, the CFO now directly owns 27,904 shares of the company’s stock, valued at $9,906,757.12. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available at this link. Also, CEO Douglas L. Peterson sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $358.96, for a total transaction of $2,692,200.00. After the sale, the CEO now directly owns 163,770 shares of the company’s stock, valued at $58,786,879.20. Disclosure of this sale can be found here. Over the past three months, insiders have sold 17,041 shares of the company’s stock for a value of $6,184,777. Insiders own 0.10% of the company’s shares.
S&P Global Company Profile
(free report)
S&P Global Inc., together with its subsidiaries, provides credit ratings, benchmarking, analytics, and workflow solutions in the global capital, commodities, and automotive markets. It operates through six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.
See also
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(tags to translation) S&P Global