S&P Global Inc. (NYSE:SPGI) Shares Acquired by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,973 shares of the business services provider’s stock after acquiring an additional 247 shares during the period. Lake Street Advisors Group LLC’s holdings in S&P Global were worth $2,569,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. RFG Advisory LLC acquired a new stake in shares of S&P Global in the first quarter worth $207,000. Kingswood Wealth Advisors LLC raised its position in S&P Global by 16.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,047 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 145 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of S&P Global by 2.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 83,646 shares of the business services provider’s stock worth $35,587,000 after buying an additional 2,109 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of S&P Global by 52.6% in the first quarter. 180 Wealth Advisors LLC now owns 769 shares of the business services provider’s stock valued at $327,000 after buying an additional 265 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in shares of S&P Global by 25.8% during the 1st quarter. Indiana Trust & Investment Management CO now owns 195 shares of the business services provider’s stock valued at $83,000 after buying an additional 40 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI stock traded up $1.40 during trading hours on Friday, hitting $494.61. The company had a trading volume of 152,646 shares, compared to its average volume of 1,194,505. The firm’s fifty day moving average is $513.82 and its 200 day moving average is $470.01. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29. The firm has a market capitalization of $154.81 billion, a price-to-earnings ratio of 46.74, a PEG ratio of 2.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.21 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 14.79 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 34.50%.

Insiders Place Their Bets

In other news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction dated 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 owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock valued at $8,645,727 in the last ninety days. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Barclays boosted their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Stifel Nicolaus raised their price objective on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Finally, Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $565.92.

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.