Kingswood Wealth Advisors LLC Grows Holdings in S&P Global Inc. (NYSE:SPGI)

Kingswood Wealth Advisors LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 16.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,047 shares of the business services provider’s stock after buying an additional 145 shares during the period. Kingswood Wealth Advisors LLC’s holdings in S&P Global were worth $445,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SPGI. Norges Bank purchased a new position in shares of S&P Global during the 4th quarter valued at approximately $1,652,862,000. Wellington Management Group LLP grew its holdings in S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares in the last quarter. Capital International Investors increased its position in shares of S&P Global by 12.6% in 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 during the last quarter. Morgan Stanley raised its stake in shares of S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of S&P Global by 35.5% during the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock worth $430,827,000 after purchasing an additional 308,683 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE SPGI opened at $448.91 on Friday. The stock has a market cap of $140.46 billion, a P/E ratio of 50.33, a P/E/G ratio of 2.49 and a beta of 1.15. The firm’s 50-day simple moving average is $430.07 and its 200 day simple moving average is $431.44. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. Equities analysts expect that S&P Global Inc. will post 14.1 EPS for the current 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 paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.81%. S&P Global’s dividend payout ratio is currently 40.81%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SPGI shares. BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer boosted their price objective on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Stifel Nicolaus raised their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $467.89.

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.