Hantz Financial Services Inc. Takes $10.65 Million Position in S&P Global Inc. (NYSE:SPGI)

Hantz Financial Services Inc. purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 23,867 shares of the business services provider’s stock, valued at approximately $10,645,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Wealth Management Group LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at $26,000. Pineridge Advisors LLC bought a new stake in S&P Global in the fourth quarter worth about $26,000. Hobbs Group Advisors LLC purchased a new position in S&P Global in the second quarter valued at about $31,000. First Pacific Financial grew its position in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 24 shares during the period. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter worth approximately $36,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 1.0 %

Shares of SPGI opened at $513.06 on Friday. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $514.00. The company has a market capitalization of $160.54 billion, a P/E ratio of 57.52, a P/E/G ratio of 2.55 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $478.61 and its 200 day simple moving average is $444.88.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the prior year, the firm earned $3.12 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Sell-side analysts forecast that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Morgan Stanley increased their price objective on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday, July 5th. JPMorgan Chase & Co. increased their price target on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Oppenheimer boosted their price objective on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Bank of America increased their target price on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, UBS Group boosted their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $530.75.

Insider Transactions at S&P Global

In related 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 transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction of $1,327,185.00. Following the transaction, 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. In the last three months, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by corporate insiders.

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.