AE Wealth Management LLC Has $27.69 Million Holdings in S&P Global Inc. (NYSE:SPGI)

AE Wealth Management LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,081 shares of the business services provider’s stock after buying an additional 3,356 shares during the quarter. AE Wealth Management LLC’s holdings in S&P Global were worth $27,688,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SPGI. Pineridge Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter worth approximately $26,000. Sachetta LLC lifted its holdings in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of S&P Global during the second quarter worth approximately $31,000. First Pacific Financial raised its stake in shares of S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter valued at $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $524.32 on Friday. The business’s fifty day moving average price is $498.25 and its two-hundred day moving average price is $454.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $164.06 billion, a price-to-earnings ratio of 58.78, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $528.02.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping 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%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.12 earnings per share. As a group, analysts predict that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BMO Capital Markets upped their target price on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays upped their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Bank of America upped their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada upped their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

Insider Transactions at S&P Global

In other news, insider Edouard Tavernier sold 500 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Steven J. Kemps sold 2,700 shares of S&P Global 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 directly owns 1,455 shares in the company, valued at $715,205.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, 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 quarter, insiders have sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

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.