Magnolia Capital Advisors LLC Has $2.76 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Magnolia Capital Advisors LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 201.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,178 shares of the business services provider’s stock after buying an additional 4,131 shares during the period. Magnolia Capital Advisors LLC’s holdings in S&P Global were worth $2,755,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Creative Planning raised its stake in S&P Global by 7.3% in the second quarter. Creative Planning now owns 45,648 shares of the business services provider’s stock valued at $20,359,000 after purchasing an additional 3,092 shares in the last quarter. Copperwynd Financial LLC bought a new position in S&P Global in the 2nd quarter valued at about $237,000. Aviso Wealth Management raised its position in shares of S&P Global by 5.4% in the 2nd quarter. Aviso Wealth Management now owns 551 shares of the business services provider’s stock valued at $246,000 after buying an additional 28 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of S&P Global by 8.2% during the 2nd quarter. Ascent Group LLC now owns 5,746 shares of the business services provider’s stock worth $2,563,000 after acquiring an additional 436 shares during the period. Finally, SkyView Investment Advisors LLC boosted its position in shares of S&P Global by 15.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 4,838 shares of the business services provider’s stock worth $2,158,000 after acquiring an additional 641 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In other news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction 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 in the company, valued at $715,205.25. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was 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 owns 1,455 shares of the company’s stock, valued at $715,205.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the business’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 transaction, the director now directly owns 15,830 shares in the company, valued at $7,618,662.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $512.72 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $528.02. The firm has a market cap of $160.43 billion, a PE ratio of 57.48, a price-to-earnings-growth ratio of 2.91 and a beta of 1.17. The firm’s fifty day moving average is $502.21 and its 200-day moving average is $458.44.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter in the previous year, the company posted $3.12 EPS. The business’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts predict that S&P Global Inc. will post 14.57 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared 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 is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent analyst reports. Barclays upped their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Oppenheimer lifted their target price on S&P Global from $486.00 to $540.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. UBS Group increased their target price on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Wells Fargo & Company upgraded shares of S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their target price 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. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $548.18.

S&P Global Company 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.