Catalytic Wealth RIA LLC Sells 181 Shares of S&P Global Inc. (NYSE:SPGI)

Catalytic Wealth RIA LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 14.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,113 shares of the business services provider’s stock after selling 181 shares during the period. Catalytic Wealth RIA LLC’s holdings in S&P Global were worth $496,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Anfield Capital Management LLC acquired a new stake in shares of S&P Global during the 2nd quarter worth approximately $38,000. Lafayette Investments Inc. raised its position in shares of S&P Global by 8.5% during the 2nd quarter. Lafayette Investments Inc. now owns 651 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 51 shares during the last quarter. Duncker Streett & Co. Inc. raised its position in shares of S&P Global by 0.3% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 11,132 shares of the business services provider’s stock valued at $4,965,000 after acquiring an additional 32 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of S&P Global by 3.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 49,946 shares of the business services provider’s stock valued at $22,276,000 after purchasing an additional 1,512 shares during the period. Finally, NBT Bank N A NY boosted its position in shares of S&P Global by 344.9% in the 2nd quarter. NBT Bank N A NY now owns 19,813 shares of the business services provider’s stock worth $8,837,000 after purchasing an additional 15,360 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Edouard Tavernier sold 500 shares of the 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 $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock valued at $8,645,727 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Up 1.0 %

NYSE SPGI traded up $5.19 on Friday, reaching $513.24. The company had a trading volume of 1,245,375 shares, compared to its average volume of 1,237,968. The company’s fifty day moving average is $480.08 and its 200-day moving average is $445.46. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $514.00. The firm has a market capitalization of $160.59 billion, a price-to-earnings ratio of 57.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same period in the prior year, the firm earned $3.12 earnings per share. S&P Global’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, research analysts forecast that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm 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 $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several analyst reports. Stifel Nicolaus increased their target price on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada increased their price target 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 lifted their price objective on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $530.75.

S&P Global 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.