SYSTM Wealth Solutions LLC Sells 284 Shares of S&P Global Inc. (NYSE:SPGI)

SYSTM Wealth Solutions LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 65.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 150 shares of the business services provider’s stock after selling 284 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in S&P Global were worth $67,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. raised its position in S&P Global by 7.8% in the 4th quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock worth $507,000 after purchasing an additional 83 shares during the period. Aveo Capital Partners LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $215,000. 9258 Wealth Management LLC raised its holdings in shares of S&P Global by 30.4% in the fourth quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock worth $774,000 after buying an additional 410 shares during the period. Gryphon Financial Partners LLC lifted its stake in shares of S&P Global by 75.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock worth $1,018,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its holdings in S&P Global by 13.2% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 936 shares of the business services provider’s stock valued at $412,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. Morgan Stanley increased their target price on S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research note on Thursday, September 5th. BMO Capital Markets raised 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 note on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Oppenheimer raised their target price on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company upgraded S&P Global to a “strong-buy” rating in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $548.18.

S&P Global Stock Up 0.9 %

Shares of NYSE SPGI opened at $524.32 on Friday. The stock has a market capitalization of $164.06 billion, a PE ratio of 58.78, a price-to-earnings-growth ratio of 2.68 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $528.02. The stock’s fifty day simple moving average is $498.25 and its two-hundred day simple moving average is $454.23.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.12 earnings per share. As a group, analysts expect that S&P Global Inc. will post 14.58 EPS for the current fiscal year.

S&P Global Announces Dividend

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

Insider Activity at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven J. Kemps sold 2,700 shares of the 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 transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at $715,205.25. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock valued at $8,645,727 over the last 90 days. 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.