Geneos Wealth Management Inc. Purchases 1,987 Shares of S&P Global Inc. (NYSE:SPGI)

Geneos Wealth Management Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 107.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,840 shares of the business services provider's stock after buying an additional 1,987 shares during the quarter. Geneos Wealth Management Inc.'s holdings in S&P Global were worth $1,951,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Graham Capital Management L.P. acquired a new stake in S&P Global during the fourth quarter valued at approximately $14,040,000. GAMMA Investing LLC lifted its position in S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after purchasing an additional 708 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in S&P Global by 1.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after buying an additional 1,166 shares during the period. Alaethes Wealth LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $2,029,000. Finally, Linden Thomas Advisory Services LLC raised its position in shares of S&P Global by 5.2% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 10,850 shares of the business services provider's stock valued at $5,513,000 after acquiring an additional 536 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company's stock.

S&P Global Trading Down 1.1%

Shares of SPGI stock traded down $6.24 during trading hours on Friday, hitting $544.86. 1,885,503 shares of the company's stock traded hands, compared to its average volume of 966,738. The stock's 50 day simple moving average is $520.65 and its 200 day simple moving average is $509.07. The stock has a market cap of $167.11 billion, a PE ratio of 41.91, a price-to-earnings-growth ratio of 2.66 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $558.86. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm earned $4.04 earnings per share. S&P Global's quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current 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 issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.7%. S&P Global's dividend payout ratio is 30.16%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday. Barclays upped their target price 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. Stifel Nicolaus reduced 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 research note on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Finally, Bank of America began coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $611.69.

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.