Adero Partners LLC Sells 33 Shares of S&P Global Inc. (NYSE:SPGI)

Adero Partners LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 519 shares of the business services provider’s stock after selling 33 shares during the period. Adero Partners LLC’s holdings in S&P Global were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SPGI. Gilbert & Cook Inc. boosted its holdings in S&P Global by 7.8% in the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock worth $507,000 after buying an additional 83 shares during the period. Choreo LLC bought a new position in S&P Global in the 4th quarter worth $239,000. Naviter Wealth LLC bought a new position in S&P Global in the 4th quarter worth $262,000. Van ECK Associates Corp boosted its holdings in S&P Global by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 7,908 shares of the business services provider’s stock worth $3,484,000 after buying an additional 237 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in S&P Global by 14.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 12,026 shares of the business services provider’s stock worth $5,298,000 after buying an additional 1,551 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. Oppenheimer upped their target price on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets increased their price objective on shares of S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised shares of S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Barclays increased their price objective on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price objective 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. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $530.75.

Insider Buying and Selling

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

S&P Global Stock Up 1.0 %

Shares of NYSE SPGI opened at $513.06 on Friday. The firm’s 50-day moving average price is $478.61 and its 200-day moving average price is $444.88. The company has a current ratio of 1.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $160.54 billion, a price-to-earnings ratio of 57.52, a P/E/G ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $514.00.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.12 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

About S&P Global

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.