S&P Global Inc. (NYSE:SPGI) Shares Acquired by RBA Wealth Management LLC

RBA Wealth Management LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,567 shares of the business services provider’s stock after purchasing an additional 133 shares during the period. S&P Global accounts for 2.1% of RBA Wealth Management LLC’s holdings, making the stock its 17th biggest position. RBA Wealth Management LLC’s holdings in S&P Global were worth $5,459,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in SPGI. Capital International Investors grew its stake in shares of S&P Global by 5.3% in the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after acquiring an additional 291,712 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of S&P Global by 1.0% in the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after purchasing an additional 29,227 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the period. Sustainable Growth Advisers LP boosted its holdings in shares of S&P Global by 2.1% in the first quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock valued at $935,885,000 after acquiring an additional 46,131 shares in the last quarter. Finally, Clearbridge Investments LLC increased its stake in shares of S&P Global by 1.4% during the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after acquiring an additional 20,624 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Oppenheimer boosted their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Stifel Nicolaus raised 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. Morgan Stanley increased their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, UBS Group increased their price objective on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $565.17.

Insider Activity at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, 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 related news, insider Edouard Tavernier sold 500 shares of the business’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 owns 13,217 shares in the company, valued at $6,496,816.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven J. Kemps sold 2,700 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 transaction of $1,327,185.00. Following the sale, the executive vice president now directly owns 1,455 shares in the company, valued at $715,205.25. The trade was a 0.00 % decrease in their position. 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 three months. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Down 1.7 %

Shares of SPGI stock traded down $8.83 on Tuesday, hitting $514.36. 623,707 shares of the stock were exchanged, compared to its average volume of 1,194,131. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $533.29. The firm has a market capitalization of $160.94 billion, a P/E ratio of 58.65, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The business has a 50-day moving average of $512.98 and a 200 day moving average of $469.15.

S&P Global (NYSE:SPGI) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $3.42 billion. During the same period in the prior year, the company posted $3.12 earnings per share. S&P Global’s revenue was up 14.4% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. 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.