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Hoxton Planning & Management LLC Takes $796,000 Position in S&P Global Inc. (NYSE:SPGI)

S&P Global logo with Finance background

Key Points

  • Hoxton Planning & Management LLC acquired 1,566 shares of S&P Global Inc., valued at approximately $796,000, in the 1st quarter, indicating growing institutional interest in the company.
  • S&P Global reported earnings of $4.37 per share for its recent quarter, exceeding expectations, with revenues of $3.78 billion, up 8.2% from the same quarter last year.
  • The company announced a quarterly dividend of $0.96, set to be paid on September 10th, which represents an annualized yield of 0.72% and a payout ratio of 30.16%.
  • Five stocks to consider instead of S&P Global.

Hoxton Planning & Management LLC purchased a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,566 shares of the business services provider's stock, valued at approximately $796,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Minot DeBlois Advisors LLC purchased a new position in S&P Global during the fourth quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $27,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth about $28,000. CBIZ Investment Advisory Services LLC boosted its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new position in S&P Global in the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SPGI shares. UBS Group upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday. Bank of America started coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $611.69.

View Our Latest Analysis on S&P Global

Insider Activity

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was 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 in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Performance

NYSE SPGI traded down $6.24 during trading hours on Friday, hitting $544.86. The company's stock had a trading volume of 1,885,503 shares, compared to its average volume of 966,738. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $558.86. The company's 50 day simple moving average is $520.65 and its two-hundred day simple moving average is $509.15. The company has a market cap of $167.11 billion, a P/E ratio of 41.91, a price-to-earnings-growth ratio of 2.63 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.04 EPS. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is currently 29.54%.

S&P Global Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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