S&P Global Inc. (NYSE:SPGI) Shares Purchased by XML Financial LLC

XML Financial LLC boosted its stake in S&P Global Inc. (NYSE:SPGI) by 5.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 658 shares of the business services provider’s stock after buying an additional 35 shares during the quarter. XML Financial LLC’s holdings in S&P Global were worth $293,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Private Wealth Management Group LLC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $26,000. Pineridge Advisors LLC bought a new stake in S&P Global in the fourth quarter valued at about $26,000. Hobbs Group Advisors LLC bought a new stake in S&P Global in the second quarter valued at about $31,000. First Pacific Financial boosted its position in S&P Global by 49.0% in the second 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. Finally, Frazier Financial Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter worth approximately $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SPGI. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their price objective on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Barclays lifted their target price on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, UBS Group boosted their price objective on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $530.75.

Insider Buying and Selling at S&P Global

In related news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is currently owned by company insiders.

S&P Global Price Performance

NYSE:SPGI traded up $0.87 during mid-day trading on Wednesday, reaching $498.73. 857,070 shares of the stock were exchanged, compared to its average volume of 1,242,948. The business has a fifty day moving average price of $470.51 and a 200 day moving average price of $442.53. The firm has a market capitalization of $156.05 billion, a PE ratio of 55.91, a PEG ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $502.95. The company has a current ratio of 1.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 return on equity of 13.03% and a net margin of 25.03%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.12 EPS. Research analysts expect that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

S&P Global Company Profile

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.