B.O.S.S. Retirement Advisors LLC Buys 4,384 Shares of S&P Global Inc. (NYSE:SPGI)

B.O.S.S. Retirement Advisors LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 52.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,808 shares of the business services provider’s stock after acquiring an additional 4,384 shares during the period. S&P Global accounts for 1.1% of B.O.S.S. Retirement Advisors LLC’s portfolio, making the stock its 12th largest position. B.O.S.S. Retirement Advisors LLC’s holdings in S&P Global were worth $5,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its stake in S&P Global by 2.2% during the 1st quarter. BlackRock Inc. now owns 25,744,251 shares of the business services provider’s stock worth $8,875,846,000 after buying an additional 549,673 shares during the last quarter. TCI Fund Management Ltd. grew its stake in S&P Global by 1.6% during the 1st quarter. TCI Fund Management Ltd. now owns 9,329,611 shares of the business services provider’s stock worth $3,216,570,000 after buying an additional 145,038 shares during the last quarter. FMR LLC grew its stake in S&P Global by 3.0% during the 1st quarter. FMR LLC now owns 6,368,385 shares of the business services provider’s stock worth $2,195,628,000 after buying an additional 188,161 shares during the last quarter. Geode Capital Management LLC grew its stake in S&P Global by 0.4% during the 1st quarter. Geode Capital Management LLC now owns 5,940,550 shares of the business services provider’s stock worth $2,042,765,000 after buying an additional 23,949 shares during the last quarter. Finally, Morgan Stanley grew its stake in S&P Global by 49.9% during the 4th quarter. Morgan Stanley now owns 4,318,418 shares of the business services provider’s stock worth $1,446,412,000 after buying an additional 1,437,116 shares during the last quarter. 85.50% of the stock is owned by institutional investors.

Insider Activity at S&P Global

In related news, insider Saugata Saha sold 200 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $390.69, for a total value of $78,138.00. Following the completion of the sale, the insider now owns 2,734 shares of the company’s stock, valued at $1,068,146.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Saugata Saha sold 200 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $390.69, for a total value of $78,138.00. Following the completion of the transaction, the insider now directly owns 2,734 shares in the company, valued at $1,068,146.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas L. Peterson sold 9,657 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $394.11, for a total value of $3,805,920.27. Following the completion of the transaction, the chief executive officer now owns 172,113 shares of the company’s stock, valued at $67,831,454.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,857 shares of company stock valued at $8,549,352. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Bank of America assumed coverage on S&P Global in a research note on Thursday, June 15th. They set a “buy” rating on the stock. TheStreet downgraded S&P Global from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. StockNews.com started coverage on S&P Global in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Barclays boosted their price target on S&P Global from $425.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, July 28th. Finally, Wolfe Research started coverage on S&P Global in a research note on Thursday. They set an “outperform” rating and a $453.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $404.00.

S&P Global Price Performance

Shares of S&P Global stock traded down $7.93 during mid-day trading on Friday, reaching $388.26. 2,472,331 shares of the stock traded hands, compared to its average volume of 901,477. The business has a 50-day moving average of $396.89 and a 200 day moving average of $372.34. S&P Global Inc. has a fifty-two week low of $279.32 and a fifty-two week high of $428.65. The stock has a market capitalization of $123.54 billion, a PE ratio of 53.63, a PEG ratio of 2.47 and a beta of 1.12. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.30.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 27th. The business services provider reported $3.12 EPS for the quarter, meeting analysts’ consensus estimates of $3.12. S&P Global had a return on equity of 10.45% and a net margin of 19.46%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the prior year, the firm earned $2.81 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 12.5 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were issued a $0.90 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $3.60 annualized dividend and a dividend yield of 0.93%. S&P Global’s dividend payout ratio is presently 49.72%.

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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.