Blackston Financial Advisory Group LLC Acquires 317 Shares of S&P Global Inc. (NYSE:SPGI)

Blackston Financial Advisory Group LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 58.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 856 shares of the business services provider’s stock after buying an additional 317 shares during the quarter. Blackston Financial Advisory Group LLC’s holdings in S&P Global were worth $442,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPGI. RFG Advisory LLC bought a new stake in shares of S&P Global during the 1st quarter worth $207,000. Kingswood Wealth Advisors LLC grew its position in shares of S&P Global by 16.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,047 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 145 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of S&P Global by 2.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 83,646 shares of the business services provider’s stock worth $35,587,000 after purchasing an additional 2,109 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of S&P Global by 52.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 769 shares of the business services provider’s stock worth $327,000 after purchasing an additional 265 shares during the last quarter. Finally, Indiana Trust & Investment Management CO boosted its stake in S&P Global by 25.8% during the 1st quarter. Indiana Trust & Investment Management CO now owns 195 shares of the business services provider’s stock valued at $83,000 after purchasing an additional 40 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Insider Transactions at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,862 shares of company stock valued at $8,645,727. 0.10% of the stock is owned by insiders.

S&P Global Stock Up 0.2 %

Shares of SPGI opened at $494.00 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $513.82 and a two-hundred day moving average price of $470.01. The stock has a market cap of $154.62 billion, a price-to-earnings ratio of 46.74, a P/E/G ratio of 2.76 and a beta of 1.18. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.21 EPS. Equities analysts predict that S&P Global Inc. will post 14.79 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is presently 34.50%.

Analysts Set New Price Targets

Several brokerages have commented on SPGI. BMO Capital Markets lifted their price target on S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. UBS Group boosted their price objective on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Robert W. Baird increased their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $565.92.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.