221 Shares in S&P Global Inc (NYSE:SPGI) Acquired by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC acquired a new position in shares of S&P Global Inc (NYSE:SPGI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 221 shares of the business services provider’s stock, valued at approximately $50,000.

Several other large investors also recently bought and sold shares of the stock. Meridian Wealth Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $26,000. Coastal Capital Group Inc. acquired a new stake in S&P Global during the 2nd quarter worth approximately $27,000. Harvest Group Wealth Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $28,000. Berman Capital Advisors LLC lifted its holdings in S&P Global by 59.6% during the 1st quarter. Berman Capital Advisors LLC now owns 166 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares in the last quarter. Finally, CNB Bank lifted its holdings in S&P Global by 45.9% during the 1st quarter. CNB Bank now owns 178 shares of the business services provider’s stock worth $37,000 after buying an additional 56 shares in the last quarter. 82.43% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Alexander Matturri, Jr. sold 1,007 shares of S&P Global stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total transaction of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares in the company, valued at approximately $4,314,528.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven J. Kemps sold 5,500 shares of S&P Global stock in a transaction on Monday, August 5th. The stock was sold at an average price of $249.88, for a total transaction of $1,374,340.00. Following the sale, the executive vice president now owns 7,540 shares in the company, valued at $1,884,095.20. The disclosure for this sale can be found here. Insiders have sold a total of 16,418 shares of company stock worth $4,113,381 over the last quarter. 0.20% of the stock is owned by company insiders.



Shares of SPGI opened at $250.49 on Thursday. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $262.83. The firm has a fifty day moving average price of $242.21. The firm has a market cap of $62.60 billion, a price-to-earnings ratio of 29.47, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.15. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $2.17 EPS. The company’s revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that S&P Global Inc will post 9.21 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.57 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.91%. S&P Global’s payout ratio is 26.82%.

A number of research firms have issued reports on SPGI. Raymond James increased their target price on shares of S&P Global from $246.00 to $272.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Argus increased their target price on shares of S&P Global to $290.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Cantor Fitzgerald increased their target price on shares of S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their target price on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, UBS Group raised their price objective on shares of S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $252.23.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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