Legacy Financial Advisors Inc. Acquires 60 Shares of S&P Global Inc. (NYSE:SPGI)

Legacy Financial Advisors Inc. grew its holdings in S&P Global Inc. (NYSE:SPGI) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,193 shares of the business services provider’s stock after acquiring an additional 60 shares during the period. Legacy Financial Advisors Inc.’s holdings in S&P Global were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SPGI. Sapient Capital LLC lifted its stake in S&P Global by 2.5% in the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares in the last quarter. Chatham Capital Group Inc. boosted its stake in S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after buying an additional 21 shares during the last quarter. D.B. Root & Company LLC increased its stake in S&P Global by 2.4% in the 2nd quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after acquiring an additional 22 shares during the last quarter. Modera Wealth Management LLC raised its holdings in shares of S&P Global by 2.3% during the 2nd quarter. Modera Wealth Management LLC now owns 960 shares of the business services provider’s stock worth $428,000 after acquiring an additional 22 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in shares of S&P Global by 1.0% during the 2nd quarter. Foundations Investment Advisors LLC now owns 2,133 shares of the business services provider’s stock valued at $951,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction 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 completion of the transaction, 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 SEC, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 in the last three months. Corporate insiders own 0.10% of the company’s stock.

S&P Global Trading Down 0.1 %

Shares of SPGI opened at $523.67 on Friday. The firm has a market capitalization of $163.86 billion, a price-to-earnings ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17. 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 1-year low of $340.49 and a 1-year high of $528.02. The company has a 50-day moving average of $499.16 and a 200 day moving average of $455.14.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.12 earnings per share. On average, research analysts expect that S&P Global Inc. will post 14.58 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SPGI. BMO Capital Markets boosted their price target on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus upped 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 report on Wednesday, July 31st. UBS Group lifted their price target on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Barclays upped their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, Royal Bank of Canada lifted their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global 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.