Apollon Wealth Management LLC Raises Stock Position in S&P Global Inc. (NYSE:SPGI)

Apollon Wealth Management LLC increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 38.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,433 shares of the business services provider's stock after buying an additional 7,672 shares during the period. Apollon Wealth Management LLC's holdings in S&P Global were worth $13,939,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in S&P Global by 3.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock valued at $37,093,000 after purchasing an additional 2,413 shares during the period. GHE LLC boosted its position in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock valued at $6,725,000 after acquiring an additional 274 shares during the last quarter. Proficio Capital Partners LLC boosted its position in S&P Global by 42.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock valued at $619,000 after acquiring an additional 373 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of S&P Global by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 51,480 shares of the business services provider's stock worth $25,639,000 after purchasing an additional 864 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 1.5%

Shares of NYSE SPGI traded down $7.75 during midday trading on Tuesday, hitting $522.37. 791,930 shares of the company traded hands, compared to its average volume of 1,225,264. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50-day moving average price of $516.12 and a 200 day moving average price of $505.69. The firm has a market cap of $160.21 billion, a P/E ratio of 41.03, a P/E/G ratio of 2.56 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the company earned $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global's dividend payout ratio is presently 30.16%.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on SPGI. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Robert W. Baird decreased their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Stifel Nicolaus reduced their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Morgan Stanley raised their price target on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $596.79.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.