S&P Global Inc. (NYSE:SPGI) Stock Holdings Boosted by Global Retirement Partners LLC

Posted by Defense World Staff on Aug 11th, 2023

Global Retirement Partners LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 50.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 543 shares of the business services provider’s stock after acquiring an additional 181 shares during the period. Global Retirement Partners LLC’s holdings in S&P Global were worth $190,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SPGI. BCK Partners Inc. acquired a new stake in S&P Global in the 1st quarter valued at about $1,969,000. Markel Corp increased its holdings in shares of S&P Global by 0.8% in the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock valued at $61,441,000 after purchasing an additional 1,250 shares during the period. Synovus Financial Corp increased its holdings in shares of S&P Global by 1.6% in the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 36 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of S&P Global by 115.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,154 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of S&P Global by 12.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 81 shares during the period. Institutional investors own 87.25% of the company’s stock.

S&P Global Stock Up 0.0 %

Shares of SPGI stock opened at $387.81 on Friday. The stock has a market cap of $123.40 billion, a P/E ratio of 54.29, a price-to-earnings-growth ratio of 2.43 and a beta of 1.12. S&P Global Inc. has a one year low of $279.32 and a one year high of $428.65. The stock has a fifty day moving average price of $396.76 and a 200 day moving average price of $367.95. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.78 and a quick ratio of 0.78.

S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $3.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.12. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. S&P Global had a return on equity of 10.45% and a net margin of 19.46%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the business earned $2.81 earnings per share. Analysts predict that S&P Global Inc. will post 12.5 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.93%. S&P Global’s dividend payout ratio (DPR) is presently 49.72%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 7,500 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $358.96, for a total value of $2,692,200.00. Following the completion of the sale, the chief executive officer now directly owns 163,770 shares in the company, valued at $58,786,879.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Douglas L. Peterson sold 9,657 shares of S&P Global stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $394.11, for a total value of $3,805,920.27. Following the completion of the sale, the chief executive officer now directly owns 172,113 shares in the company, valued at $67,831,454.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas L. Peterson sold 7,500 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $358.96, for a total value of $2,692,200.00. Following the transaction, the chief executive officer now owns 163,770 shares in the company, valued at approximately $58,786,879.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,978 shares of company stock worth $7,993,620. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company assumed coverage on S&P Global in a report on Tuesday, May 9th. They issued an “overweight” rating and a $415.00 price objective on the stock. TheStreet downgraded S&P Global from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Barclays increased their price target on S&P Global from $425.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, July 28th. Robert W. Baird lowered their price target on S&P Global from $460.00 to $451.00 and set an “outperform” rating on the stock in a report on Friday, July 28th. Finally, Bank of America began coverage on S&P Global in a report on Thursday, June 15th. They set a “buy” rating on the stock. One analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.94.

Get Our Latest Research Report on S&P Global

S&P Global Company Profile

(Free Report)

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. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.