Magnolia Wealth Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 790 shares of the business services provider’s stock, valued at approximately $320,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Wolff Wiese Magana LLC bought a new position in S&P Global during the first quarter worth about $25,000. Carolinas Wealth Consulting LLC boosted its position in shares of S&P Global by 714.3% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Addison Advisors LLC boosted its position in shares of S&P Global by 273.7% in the first quarter. Addison Advisors LLC now owns 71 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 52 shares during the period. Column Capital Advisors LLC boosted its position in shares of S&P Global by 7,700.0% in the first quarter. Column Capital Advisors LLC now owns 78 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 77 shares during the period. Finally, Mascoma Wealth Management LLC bought a new position in shares of S&P Global in the first quarter valued at approximately $34,000. Institutional investors own 88.15% of the company’s stock.
S&P Global Stock Down 1.5 %
S&P Global stock opened at $351.16 on Thursday. The stock has a market capitalization of $117.11 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.68 and a beta of 1.05. S&P Global Inc. has a 12 month low of $311.87 and a 12 month high of $484.21. The business has a 50 day simple moving average of $365.89 and a 200-day simple moving average of $367.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 1.26.
S&P Global (NYSE:SPGI – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $2.91 by ($0.10). The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $3 billion. S&P Global had a net margin of 38.49% and a return on equity of 17.22%. The firm’s quarterly revenue was up 42.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.62 earnings per share. On average, analysts anticipate that S&P Global Inc. will post 11.49 EPS for the current fiscal year.
S&P Global Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Thursday, August 25th. S&P Global’s dividend payout ratio is presently 25.34%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Atlantic Securities lowered their target price on shares of S&P Global from $440.00 to $375.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of S&P Global from $483.00 to $418.00 in a research note on Thursday, June 2nd. Oppenheimer boosted their target price on shares of S&P Global from $404.00 to $419.00 and gave the company an “outperform” rating in a report on Monday, August 29th. BMO Capital Markets lowered their price target on S&P Global from $433.00 to $365.00 in a research report on Thursday, June 2nd. Finally, Robert W. Baird decreased their target price on S&P Global from $472.00 to $414.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $416.43.
Insider Transactions at S&P Global
In other news, CEO Douglas L. Peterson sold 7,500 shares of S&P Global stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $377.13, for a total value of $2,828,475.00. Following the sale, the chief executive officer now directly owns 174,890 shares of the company’s stock, valued at $65,956,265.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Douglas L. Peterson sold 7,500 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $377.13, for a total value of $2,828,475.00. Following the transaction, the chief executive officer now owns 174,890 shares of the company’s stock, valued at approximately $65,956,265.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Nancy Luquette sold 3,200 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the completion of the transaction, the executive vice president now directly owns 2,467 shares in the company, valued at approximately $906,597.83. The disclosure for this sale can be found here. Insiders have sold 27,150 shares of company stock valued at $10,146,219 over the last ninety days. Insiders own 0.10% of the company’s stock.
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 in six divisions: 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.
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