Philip James Wealth Mangement LLC Acquires Shares of 517 S&P Global Inc. (NYSE:SPGI)

Philip James Wealth Mangement LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 517 shares of the business services provider's stock, valued at approximately $263,000.

Several other institutional investors have also recently made changes to their positions in SPGI. Wealthfront Advisers LLC lifted its holdings in shares of S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares during the last quarter. Graham Capital Management L.P. bought a new position in shares of S&P Global during the fourth quarter valued at $14,040,000. Freestone Capital Holdings LLC raised its position in shares of S&P Global by 0.4% in the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock worth $5,727,000 after purchasing an additional 49 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its stake in S&P Global by 85.9% in the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock worth $641,000 after purchasing an additional 595 shares in the last quarter. Finally, Coalescence Partners Investment Management LP lifted its stake in shares of S&P Global by 62.7% in the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock worth $14,985,000 after buying an additional 11,599 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the firm'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 completion of the sale, the executive vice president now directly owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SPGI shares. 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 target on the stock. Robert W. Baird decreased their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Two equities research 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $515.88 on Friday. The firm has a fifty day simple moving average of $505.28 and a two-hundred day simple moving average of $503.52. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $545.39. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $158.22 billion, a P/E ratio of 40.52, a PEG ratio of 2.54 and a beta of 1.20.

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 the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business posted $4.01 earnings per share. The firm's revenue was up 8.2% on a year-over-year basis. On average, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be given 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 yield of 0.74%. S&P Global's dividend payout ratio 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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