Bogart Wealth LLC Has $4.83 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Bogart Wealth LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,958 shares of the business services provider’s stock after purchasing an additional 789 shares during the quarter. Bogart Wealth LLC’s holdings in S&P Global were worth $4,827,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SPGI. Verdence Capital Advisors LLC raised its stake in S&P Global by 16.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,304 shares of the business services provider’s stock valued at $476,000 after purchasing an additional 188 shares during the last quarter. NBT Bank N A NY increased its holdings in S&P Global by 153.2% in the 3rd quarter. NBT Bank N A NY now owns 5,128 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 3,103 shares during the period. Chicago Partners Investment Group LLC increased its holdings in S&P Global by 7.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,076 shares of the business services provider’s stock valued at $377,000 after buying an additional 71 shares during the period. Catalyst Financial Partners LLC increased its holdings in S&P Global by 11.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 949 shares of the business services provider’s stock valued at $347,000 after buying an additional 99 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in S&P Global by 9.8% in the 3rd quarter. AustralianSuper Pty Ltd now owns 597,187 shares of the business services provider’s stock valued at $218,218,000 after buying an additional 53,085 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.2 %

NYSE SPGI traded up $0.65 on Wednesday, reaching $429.21. The company had a trading volume of 745,519 shares, compared to its average volume of 1,360,345. The stock’s 50 day moving average is $422.49 and its 200-day moving average is $420.97. The stock has a market cap of $134.30 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 2.37 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. Equities analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is presently 40.81%.

Analyst Ratings Changes

Several brokerages have issued reports on SPGI. BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Raymond James upped their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Oppenheimer upped their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $462.60.

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.