Secured Retirement Advisors LLC Invests $1.44 Million in S&P Global Inc. (NYSE:SPGI)

Secured Retirement Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,838 shares of the business services provider's stock, valued at approximately $1,442,000.

Several other hedge funds also recently modified their holdings of SPGI. Brighton Jones LLC raised its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after purchasing an additional 143 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in S&P Global by 3.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after acquiring an additional 2,413 shares during the period. GHE LLC raised its holdings in S&P Global by 2.1% in the 4th quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after acquiring an additional 274 shares during the period. Proficio Capital Partners LLC boosted its holdings in S&P Global by 42.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock valued at $619,000 after acquiring an additional 373 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of S&P Global by 74.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,129 shares of the business services provider's stock valued at $562,000 after purchasing an additional 481 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI traded down $2.78 during trading on Friday, reaching $527.05. 816,683 shares of the company's stock were exchanged, compared to its average volume of 1,228,601. The company has a market capitalization of $161.65 billion, a P/E ratio of 41.40, a PEG ratio of 2.56 and a beta of 1.19. 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 business has a 50 day moving average price of $515.64 and a 200 day moving average price of $505.48. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business earned $4.01 EPS. The firm's revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.73%. S&P Global's dividend payout ratio is currently 30.16%.

Insider Activity

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 sale, the executive vice president directly owned 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Stifel Nicolaus cut their price objective on S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. UBS Group lifted their price target 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. Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. 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 research note on Thursday, July 3rd. Finally, Morgan Stanley boosted their target price on shares of S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research report on Monday, July 7th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $596.79.

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.