Wealth Enhancement Advisory Services LLC Raises Position in S&P Global Inc. (NYSE:SPGI)

Wealth Enhancement Advisory Services LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 86,794 shares of the business services provider's stock after acquiring an additional 1,166 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in S&P Global were worth $44,102,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. Personal CFO Solutions LLC lifted its position in S&P Global by 3.1% during the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after purchasing an additional 20 shares in the last quarter. Anfield Capital Management LLC lifted its position in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after purchasing an additional 22 shares in the last quarter. Invenio Wealth Partners LLC lifted its position in 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 in the last quarter. Finally, Retirement Planning Group LLC lifted its position in S&P Global by 0.4% during the fourth 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. 87.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the company'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 sale, the executive vice president now directly owns 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 document filed with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $1.22 during mid-day trading on Friday, reaching $503.85. The stock had a trading volume of 2,078,049 shares, compared to its average volume of 1,230,529. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company has a market cap of $154.53 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 2.46 and a beta of 1.20. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The business's 50 day moving average price is $501.16 and its 200 day moving average price is $503.33.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 company had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.01 earnings per share. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were given a $0.96 dividend. The ex-dividend date was Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global's dividend payout ratio is currently 30.16%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SPGI shares. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Bank of America started coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Wells Fargo & Company lifted their target price on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. Stifel Nicolaus lowered their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, UBS Group boosted their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $592.71.

About S&P Global

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.