S&P Global Inc. (NYSE:SPGI) Position Raised by LWM Advisory Services LLC

LWM Advisory Services LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 147.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,883 shares of the business services provider’s stock after acquiring an additional 1,719 shares during the quarter. S&P Global comprises about 1.1% of LWM Advisory Services LLC’s investment portfolio, making the stock its 24th biggest holding. LWM Advisory Services LLC’s holdings in S&P Global were worth $1,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at $1,652,862,000. Swedbank AB purchased a new stake in shares of S&P Global in the 1st quarter valued at approximately $351,774,000. Capital International Investors grew its position in S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after purchasing an additional 616,732 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after buying an additional 360,909 shares during the period. Finally, Third Point LLC acquired a new position in S&P Global during the first quarter valued at $142,526,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred 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 sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPGI shares. Royal Bank of Canada raised their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price target 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. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday. Finally, UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $540.25.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $519.45 on Friday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $524.14. The company has a market cap of $162.59 billion, a P/E ratio of 58.23, a P/E/G ratio of 2.68 and a beta of 1.17. The business’s 50 day moving average is $493.49 and its two-hundred day moving average is $451.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33.

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

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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 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.