S&P Global Inc. (NYSE:SPGI) Stake Lifted by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 84.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,484 shares of the business services provider's stock after buying an additional 680 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in S&P Global were worth $754,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SPGI. Invenio Wealth Partners LLC raised its stake in shares of S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after purchasing an additional 22 shares during the period. Retirement Planning Group LLC grew its holdings in S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after purchasing an additional 22 shares in the last quarter. SeaCrest Wealth Management LLC grew its holdings in S&P Global by 2.1% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider's stock valued at $575,000 after purchasing an additional 23 shares in the last quarter. Gitterman Wealth Management LLC increased its stake in S&P Global by 5.7% during the 4th quarter. Gitterman Wealth Management LLC now owns 483 shares of the business services provider's stock worth $241,000 after buying an additional 26 shares during the period. Finally, Grimes & Company Inc. lifted its holdings in S&P Global by 4.9% in the 1st quarter. Grimes & Company Inc. now owns 561 shares of the business services provider's stock worth $285,000 after buying an additional 26 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI traded down $2.78 during trading on Friday, hitting $527.05. 816,683 shares of the company traded hands, compared to its average volume of 1,229,109. 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's fifty day moving average is $515.64 and its 200-day moving average is $505.48. The stock has a market capitalization of $161.65 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year 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, 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 firm had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company earned $4.01 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. S&P Global's payout ratio is currently 30.16%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SPGI. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reduced their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company raised their price target on shares of S&P Global from $627.00 to $632.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $587.00 to $595.00 and gave the stock an "overweight" rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $596.79.

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.