BCS Wealth Management Takes $201,000 Position in S&P Global Inc. (NYSE:SPGI)

BCS Wealth Management acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 389 shares of the business services provider’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in S&P Global by 0.9% during the 4th quarter. Fisher Asset Management LLC now owns 6,383 shares of the business services provider’s stock valued at $2,812,000 after purchasing an additional 60 shares during the period. Signal Advisors Wealth LLC acquired a new position in S&P Global during the 1st quarter worth $329,000. Wedmont Private Capital grew its stake in shares of S&P Global by 2.7% in the first quarter. Wedmont Private Capital now owns 3,152 shares of the business services provider’s stock worth $1,371,000 after purchasing an additional 83 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of S&P Global by 3.5% during the first quarter. Park Avenue Securities LLC now owns 12,069 shares of the business services provider’s stock valued at $5,135,000 after purchasing an additional 410 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its position in shares of S&P Global by 23.7% during the 1st quarter. Aprio Wealth Management LLC now owns 699 shares of the business services provider’s stock worth $297,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity

In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was 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 in the company, valued at $6,496,816.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $1,327,185.00. Following the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,862 shares of company stock worth $8,645,727. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $518.68 on Friday. The company’s fifty day moving average is $511.48 and its two-hundred day moving average is $467.22. The firm has a market capitalization of $162.29 billion, a price-to-earnings ratio of 58.15, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly 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. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period in the previous year, the company posted $3.12 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. Equities research analysts forecast that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SPGI. Stifel Nicolaus boosted their target price on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Oppenheimer upped their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $565.17.

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.