Bogart Wealth LLC Boosts Position in S&P Global Inc. (NYSE:SPGI)

Bogart Wealth LLC grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 37.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,158 shares of the business services provider's stock after buying an additional 6,790 shares during the quarter. Bogart Wealth LLC's holdings in S&P Global were worth $12,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Graham Capital Management L.P. purchased a new stake in shares of S&P Global during the fourth quarter worth about $14,040,000. GAMMA Investing LLC grew its position in shares of S&P Global by 20.2% during the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after purchasing an additional 708 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $300,000. Wealth Enhancement Advisory Services LLC grew its position in shares of S&P Global by 1.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Alaethes Wealth LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $2,029,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president owned 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. cut their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Oppenheimer increased 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. Wells Fargo & Company raised their price target on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Stifel Nicolaus cut their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Two investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $596.79.

S&P Global Price Performance

Shares of S&P Global stock opened at $527.05 on Monday. The stock has a market cap of $161.65 billion, a price-to-earnings ratio of 41.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. 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 $515.64 and a 200-day moving average price of $505.49. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39.

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

S&P Global Announces Dividend

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

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.

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