GeoWealth Management LLC Makes New Investment in S&P Global Inc. (NYSE:SPGI)

GeoWealth Management LLC bought a new stake in S&P Global Inc. (NYSE:SPGI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,623 shares of the business services provider’s stock, valued at approximately $1,052,000.

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

Insider Transactions at S&P Global

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

Analyst Ratings Changes

A number of research firms have commented on SPGI. Raymond James cut their price objective on shares of S&P Global from $421.00 to $403.00 and set an “outperform” rating for the company in a report on Thursday, October 5th. Robert W. Baird cut their price target on S&P Global from $460.00 to $451.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Morgan Stanley reduced their price objective on S&P Global from $450.00 to $424.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 3rd. Barclays upped their target price on S&P Global from $425.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Finally, StockNews.com began coverage on S&P Global in a report on Thursday, October 5th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $420.18.

S&P Global Stock Up 0.8 %

Shares of SPGI opened at $411.54 on Tuesday. The company’s 50-day moving average price is $373.18 and its 200 day moving average price is $382.44. S&P Global Inc. has a 12-month low of $321.14 and a 12-month high of $428.65. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The firm has a market cap of $130.38 billion, a P/E ratio of 53.24, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s dividend payout ratio (DPR) 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.