Kingswood Wealth Advisors LLC Purchases 81 Shares of S&P Global Inc. (NYSE:SPGI)

Kingswood Wealth Advisors LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,128 shares of the business services provider’s stock after buying an additional 81 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in S&P Global were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in S&P Global during the 4th quarter worth approximately $1,652,862,000. Swedbank AB bought a new position in shares of S&P Global during the first quarter valued at about $351,774,000. Capital International Investors grew its position in shares of S&P Global by 12.6% in the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after buying an additional 616,732 shares during the last quarter. Third Point LLC bought a new stake in S&P Global in the first quarter valued at $142,526,000. Finally, Mackenzie Financial Corp boosted its stake in shares of S&P Global by 24.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock valued at $662,013,000 after purchasing an additional 294,896 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’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 $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edouard Tavernier sold 500 shares of the business’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 value of $245,775.00. Following the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,200 shares of company stock valued at $4,958,160. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SPGI. Morgan Stanley increased their price target on shares of S&P Global from $500.00 to $510.00 and gave the stock an “overweight” rating in a research note on Friday, July 5th. UBS Group lifted their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Stifel Nicolaus increased their price objective on S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Royal Bank of Canada upped their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Barclays lifted their price target on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $526.73.

S&P Global Stock Down 0.3 %

SPGI stock traded down $1.36 during midday trading on Wednesday, hitting $478.12. The company’s stock had a trading volume of 1,275,700 shares, compared to its average volume of 1,264,356. The company has a market cap of $149.60 billion, a PE ratio of 53.60, a P/E/G ratio of 2.55 and a beta of 1.16. The firm’s 50-day moving average is $457.25 and its 200-day moving average is $439.31. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $502.95. The company has a current ratio of 1.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $3.12 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 14.58 earnings per share 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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 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.