Litman Gregory Wealth Management LLC Acquires 2,737 Shares of S&P Global Inc. (NYSE:SPGI)

Litman Gregory Wealth Management LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,947 shares of the business services provider’s stock after purchasing an additional 2,737 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in S&P Global were worth $6,578,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stegent Equity Advisors Inc. raised its stake in shares of S&P Global by 3.1% during the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after purchasing an additional 20 shares during the period. Invenio Wealth Partners LLC raised its stake in shares of S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after purchasing an additional 22 shares during the period. Retirement Planning Group LLC raised its stake in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after purchasing an additional 22 shares during the period. Burford Brothers Inc. raised its stake in shares of S&P Global by 2.8% during the 1st quarter. Burford Brothers Inc. now owns 794 shares of the business services provider’s stock worth $403,000 after purchasing an additional 22 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in shares of S&P Global by 2.1% during the 1st quarter. SeaCrest Wealth Management LLC now owns 1,132 shares of the business services provider’s stock worth $575,000 after purchasing an additional 23 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on S&P Global from $587.00 to $595.00 and gave the stock an “overweight” rating in a research note on Monday, July 7th. Stifel Nicolaus lowered their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Oppenheimer lifted their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $596.79.

Insider Activity at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president owned 5,131 shares of the company’s stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

S&P Global Stock Up 0.4%

Shares of NYSE SPGI opened at $524.21 on Thursday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $545.39. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $160.78 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 2.52 and a beta of 1.19. The business has a 50-day moving average of $516.89 and a 200-day moving average of $505.93.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $4.01 earnings per share. S&P Global’s revenue was up 8.2% on a year-over-year basis. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global’s payout ratio is 30.16%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.