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

Stratos Wealth Advisors LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 23.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 610 shares of the business services provider’s stock after purchasing an additional 115 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in S&P Global were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of S&P Global by 107.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after purchasing an additional 2,962 shares during the last quarter. AAFMAA Wealth Management & Trust LLC acquired a new position in S&P Global during the first quarter worth approximately $1,222,000. Quadrature Capital Ltd purchased a new stake in S&P Global in the first quarter valued at approximately $2,236,000. New Mexico Educational Retirement Board boosted its holdings in shares of S&P Global by 20.5% in the first quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock valued at $8,444,000 after acquiring an additional 3,500 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after acquiring an additional 6,162 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 1.8 %

Shares of SPGI stock opened at $513.52 on Wednesday. The firm has a market capitalization of $160.68 billion, a PE ratio of 57.57, a P/E/G ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $533.29. The business’s fifty day moving average price is $513.46 and its 200 day moving average price is $469.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the firm posted $3.12 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Insider Activity at S&P Global

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction 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 sale, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 directly owns 154,912 shares in the company, valued at approximately $74,915,443.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock valued at $8,645,727 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. UBS Group increased their price objective 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. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $565.17.

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 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.