AMJ Financial Wealth Management Invests $231,000 in S&P Global Inc. (NYSE:SPGI)

AMJ Financial Wealth Management purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 576 shares of the business services provider’s stock, valued at approximately $231,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BCK Partners Inc. acquired a new stake in S&P Global in the first quarter valued at $1,969,000. Markel Corp increased its holdings in S&P Global by 0.8% during the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock valued at $61,441,000 after acquiring an additional 1,250 shares in the last quarter. Synovus Financial Corp raised its position in S&P Global by 1.6% during the first quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock worth $919,000 after acquiring an additional 36 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of S&P Global by 115.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of S&P Global by 12.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 85.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on SPGI shares. StockNews.com assumed coverage on S&P Global in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Robert W. Baird reduced their price objective on S&P Global from $460.00 to $451.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Raymond James dropped their price objective on S&P Global from $421.00 to $403.00 and set an “outperform” rating for the company in a research report on Thursday, October 5th. Barclays boosted their target price on shares of 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, TheStreet cut shares of S&P Global from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $420.18.

Insider Buying and Selling

In other S&P Global news, insider Saugata Saha sold 200 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $390.13, for a total transaction of $78,026.00. Following the completion of the sale, the insider now owns 934 shares of the company’s stock, valued at $364,381.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Saugata Saha sold 200 shares of S&P Global stock in a transaction on Monday, August 28th. The shares were sold at an average price of $390.13, for a total transaction of $78,026.00. Following the transaction, the insider now owns 934 shares in the company, valued at approximately $364,381.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $405.28, for a total value of $2,431,680.00. Following the sale, the chief executive officer now owns 163,613 shares in the company, valued at $66,309,076.64. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.6 %

SPGI stock traded up $2.46 on Monday, hitting $410.58. 341,102 shares of the company were exchanged, compared to its average volume of 1,232,861. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $130.07 billion, a price-to-earnings ratio of 52.80, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13. S&P Global Inc. has a twelve month low of $321.14 and a twelve month high of $428.65. The business’s fifty day moving average is $372.74 and its two-hundred day moving average is $381.99.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, November 27th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.88%. S&P Global’s payout ratio is 46.57%.

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 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.