SOA Wealth Advisors LLC. Increases Stake in S&P Global Inc. (NYSE:SPGI)

SOA Wealth Advisors LLC. lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 48,875.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,672 shares of the business services provider's stock after buying an additional 15,640 shares during the period. S&P Global makes up about 0.9% of SOA Wealth Advisors LLC.'s investment portfolio, making the stock its 29th biggest position. SOA Wealth Advisors LLC.'s holdings in S&P Global were worth $7,963,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of S&P Global by 4.7% during the 4th 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 last quarter. Union Bancaire Privee UBP SA bought a new stake in S&P Global during the fourth quarter valued at approximately $144,091,000. Stratos Wealth Advisors LLC increased its holdings in S&P Global by 46.9% during the fourth quarter. Stratos Wealth Advisors LLC now owns 896 shares of the business services provider's stock valued at $446,000 after buying an additional 286 shares during the last quarter. Consolidated Portfolio Review Corp raised its position in S&P Global by 5.7% in the fourth quarter. Consolidated Portfolio Review Corp now owns 774 shares of the business services provider's stock worth $385,000 after acquiring an additional 42 shares during the period. Finally, Golden State Wealth Management LLC purchased a new position in shares of S&P Global during the 4th quarter worth $49,000. 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 commented on the company. UBS Group raised their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price objective on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Two 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction on Monday, May 5th. The shares were 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. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company's stock.

S&P Global Price Performance

Shares of SPGI stock traded down $4.30 on Monday, reaching $515.06. The company's stock had a trading volume of 743,700 shares, compared to its average volume of 1,220,817. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $425.49 and a 1 year high of $545.39. The stock's fifty day simple moving average is $492.79 and its 200-day simple moving average is $504.20. The company has a market capitalization of $157.97 billion, a price-to-earnings ratio of 41.71, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last announced its 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. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.01 EPS. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio is currently 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.