S&P Global Inc. (NYSE:SPGI) Shares Bought by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. grew its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,193 shares of the business services provider’s stock after buying an additional 60 shares during the period. Legacy Financial Advisors Inc.’s holdings in S&P Global were worth $532,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SPGI. Gilbert & Cook Inc. raised its stake in S&P Global by 7.8% in the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock worth $507,000 after acquiring an additional 83 shares during the last quarter. Aveo Capital Partners LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $215,000. 9258 Wealth Management LLC increased its holdings in S&P Global by 30.4% in the 4th quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock worth $774,000 after buying an additional 410 shares during the period. Gryphon Financial Partners LLC raised its position in S&P Global by 75.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock worth $1,018,000 after buying an additional 1,014 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in S&P Global by 9.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 372 shares of the business services provider’s stock worth $164,000 after buying an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets increased 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. Stifel Nicolaus upped their price target on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada lifted their price objective on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley boosted their price objective on S&P Global from $530.00 to $564.00 and gave the company an “overweight” rating in a report on Thursday, September 5th. Finally, Oppenheimer raised their target price on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $548.18.

Insiders Place Their Bets

In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other S&P Global 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 transaction of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $523.67 on Friday. The firm has a market cap of $163.86 billion, a PE ratio of 58.71, a P/E/G ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $528.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $499.16 and a 200 day moving average price of $455.14.

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

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.

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.