Aprio Wealth Management LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Aprio Wealth Management LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 18.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,053 shares of the business services provider’s stock after buying an additional 164 shares during the quarter. Aprio Wealth Management LLC’s holdings in S&P Global were worth $544,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. Pineridge Advisors LLC purchased a new position in S&P Global in the fourth quarter worth $26,000. HWG Holdings LP acquired a new position in S&P Global during the second quarter valued at $27,000. Sachetta LLC increased its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC purchased a new position in S&P Global in the second quarter valued at $31,000. Finally, First Pacific Financial increased its holdings in 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 buying an additional 24 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now directly 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 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 ninety days. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Performance

NYSE:SPGI opened at $506.61 on Tuesday. 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 firm has a market capitalization of $158.52 billion, a price-to-earnings ratio of 56.79, a PEG ratio of 2.91 and a beta of 1.18. The company’s 50-day moving average is $504.86 and its two-hundred day moving average is $461.62. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $528.02.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.12 EPS. Analysts forecast that S&P Global Inc. will post 14.57 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. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Oppenheimer upped their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. UBS Group upped their price objective on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Stifel Nicolaus upped their price objective 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. Two 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $556.58.

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.