Pinnacle Wealth Management Advisory Group LLC Boosts Stake in S&P Global Inc. (NYSE:SPGI)

Pinnacle Wealth Management Advisory Group LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 8.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,246 shares of the business services provider’s stock after acquiring an additional 98 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in S&P Global were worth $549,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. D.B. Root & Company LLC lifted its holdings in shares of S&P Global by 3.6% during the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after buying an additional 23 shares during the period. Mayflower Financial Advisors LLC increased its position in S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 23 shares during the last quarter. Allworth Financial LP lifted its holdings in S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after acquiring an additional 24 shares during the period. Oakworth Capital Inc. boosted its position in S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky grew its stake in shares of S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

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

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

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on SPGI shares. BMO Capital Markets upped their target price 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. Barclays lifted their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer boosted their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Raymond James lifted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $462.60.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.