Oakwell Private Wealth Management LLC Acquires Shares of 1,373 S&P Global Inc. (NYSE:SPGI)

Oakwell Private Wealth Management LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,373 shares of the business services provider's stock, valued at approximately $698,000.

A number of other large investors have also recently made changes to their positions in the business. Minot DeBlois Advisors LLC bought a new position in shares of S&P Global during the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global during the fourth quarter valued at about $27,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global during the first quarter valued at about $28,000. CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value 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 trade represents a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. Morgan Stanley raised their price objective on shares of S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a report on Monday, July 7th. JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price objective on shares of S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a report on Thursday, July 3rd. Finally, Stifel Nicolaus decreased 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 report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $601.07.

S&P Global Price Performance

SPGI stock traded up $7.08 during midday trading on Thursday, reaching $532.74. The company had a trading volume of 390,155 shares, compared to its average volume of 1,284,162. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a market capitalization of $163.39 billion, a P/E ratio of 41.89, a P/E/G ratio of 2.49 and a beta of 1.19. The firm has a 50-day moving average price of $518.00 and a 200-day moving average price of $506.81.

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 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the company earned $4.01 EPS. The business's quarterly revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed 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 of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global's dividend payout ratio (DPR) is 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.