EP Wealth Advisors LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

EP Wealth Advisors LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,724 shares of the business services provider’s stock, valued at approximately $332,000.

Other large investors have also modified their holdings of the company. Exos TFP Holdings LLC acquired a new stake in S&P Global during the fourth quarter worth approximately $26,000. Ridgewood Investments LLC acquired a new stake in S&P Global during the first quarter worth approximately $28,000. Resources Management Corp CT ADV acquired a new stake in S&P Global during the first quarter worth approximately $28,000. Addison Advisors LLC boosted its position in S&P Global by 74.5% during the first quarter. Addison Advisors LLC now owns 89 shares of the business services provider’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Finally, Pacifica Partners Inc. boosted its position in S&P Global by 76.4% during the first quarter. Pacifica Partners Inc. now owns 97 shares of the business services provider’s stock worth $33,000 after acquiring an additional 42 shares during the last quarter. 85.50% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, insider Saugata Saha sold 200 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $390.13, for a total value of $78,026.00. Following the completion of the transaction, the insider now owns 934 shares in the company, valued at approximately $364,381.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other S&P Global news, insider Saugata Saha sold 200 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $390.13, for a total value of $78,026.00. Following the transaction, the insider now directly owns 934 shares of the company’s stock, valued at approximately $364,381.42. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Adam Jason Kansler sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $387.38, for a total value of $3,873,800.00. Following the completion of the transaction, the insider now directly owns 20,961 shares in the company, valued at $8,119,872.18. The disclosure for this sale can be found here. Insiders sold a total of 21,857 shares of company stock worth $8,549,352 in the last 90 days. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of S&P Global in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Wolfe Research began coverage on shares of S&P Global in a research report on Thursday. They set an “outperform” rating and a $453.00 target price on the stock. Bank of America began coverage on shares of S&P Global in a research note on Thursday, June 15th. They set a “buy” rating on the stock. TheStreet downgraded shares of S&P Global from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird cut their price target on shares of S&P Global from $460.00 to $451.00 and set an “outperform” rating on the stock in a research note on Friday, July 28th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $404.00.

S&P Global Stock Down 2.0 %

NYSE SPGI opened at $388.26 on Monday. The stock has a market cap of $123.54 billion, a PE ratio of 53.63, a P/E/G ratio of 2.47 and a beta of 1.12. S&P Global Inc. has a fifty-two week low of $279.32 and a fifty-two week high of $428.65. The business has a 50 day moving average price of $396.79 and a two-hundred day moving average price of $373.13. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.30.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $3.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $3.12. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. S&P Global had a return on equity of 10.45% and a net margin of 19.46%. S&P Global’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.81 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 12.5 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, August 25th. S&P Global’s dividend payout ratio is presently 49.72%.

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 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.