BKM Wealth Management LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

BKM Wealth Management LLC raised its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 15.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,768 shares of the business services provider's stock after purchasing an additional 504 shares during the quarter. BKM Wealth Management LLC's holdings in S&P Global were worth $1,915,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SPGI. Norges Bank purchased a new position in S&P Global in the fourth quarter valued at about $1,725,084,000. GAMMA Investing LLC raised its position in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after purchasing an additional 2,135,599 shares during the period. Northern Trust Corp raised its position in S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of S&P Global during the fourth quarter valued at about $238,503,000. Finally, BlueSpruce Investments LP purchased a new stake in shares of S&P Global during the fourth quarter worth about $178,858,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president owned 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.10% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of analyst reports. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. UBS Group lifted their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Morgan Stanley lifted their target price on S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Finally, Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $596.79.

S&P Global Stock Performance

SPGI opened at $524.52 on Friday. The business's 50 day moving average is $517.59 and its 200-day moving average is $506.36. The stock has a market cap of $160.87 billion, a PE ratio of 41.20, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39.

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

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

S&P Global 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.

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