Aspiriant LLC Purchases Shares of 394 S&P Global Inc. (NYSE:SPGI)

Aspiriant LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 394 shares of the business services provider’s stock, valued at approximately $204,000.

A number of other large investors have also recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares during the period. AAFMAA Wealth Management & Trust LLC purchased a new stake in S&P Global in the first quarter valued at approximately $1,222,000. Quadrature Capital Ltd acquired a new position in S&P Global in the 1st quarter worth approximately $2,236,000. New Mexico Educational Retirement Board raised its position in S&P Global by 20.5% during the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock worth $8,444,000 after buying an additional 3,500 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after acquiring an additional 6,162 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SPGI. BMO Capital Markets raised their target price on shares of S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a report on Tuesday. Bank of America lifted their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada raised their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Finally, UBS Group raised their price objective on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $565.17.

S&P Global Stock Performance

NYSE:SPGI opened at $524.80 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $164.21 billion, a PE ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $533.29. The company has a fifty day moving average of $512.21 and a two-hundred day moving average of $467.89.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the prior year, the firm earned $3.12 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, research analysts forecast that S&P Global Inc. will post 14.61 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Buying and Selling

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of S&P Global stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by corporate insiders.

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.