S&P Global Inc. (NYSE:SPGI) Shares Bought by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. raised its stake in S&P Global Inc. (NYSE:SPGI) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 705 shares of the business services provider’s stock after acquiring an additional 22 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in S&P Global were worth $361,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPGI. RFG Advisory LLC acquired a new stake in S&P Global during the first quarter valued at approximately $207,000. Riverview Trust Co acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $45,000. Dynamic Advisor Solutions LLC raised its position in shares of S&P Global by 5.0% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 7,082 shares of the business services provider’s stock worth $3,013,000 after purchasing an additional 335 shares during the period. Kingswood Wealth Advisors LLC raised its position in shares of S&P Global by 16.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,047 shares of the business services provider’s stock worth $445,000 after purchasing an additional 145 shares during the period. Finally, Elevated Capital Advisors LLC raised its position in shares of S&P Global by 6.8% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,639 shares of the business services provider’s stock worth $697,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 in the last 90 days. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $513.52 on Wednesday. The stock’s 50-day moving average price is $513.46 and its two-hundred day moving average price is $469.72. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a market cap of $160.68 billion, a PE ratio of 57.57, a PEG ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.12 EPS. On average, analysts predict that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s dividend payout ratio is 40.81%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPGI. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Morgan Stanley increased their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Bank of America increased their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.