B.O.S.S. Retirement Advisors LLC Purchases 1,462 Shares of S&P Global Inc. (NYSE:SPGI)

by · The Cerbat Gem

B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 16.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,393 shares of the business services provider’s stock after buying an additional 1,462 shares during the quarter. S&P Global makes up approximately 1.1% of B.O.S.S. Retirement Advisors LLC’s investment portfolio, making the stock its 25th largest position. B.O.S.S. Retirement Advisors LLC’s holdings in S&P Global were worth $5,370,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sachetta LLC increased its holdings in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. HWG Holdings LP acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Hobbs Group Advisors LLC acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $31,000. First Pacific Financial boosted its stake in S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 24 shares during the period. Finally, Ridgewood Investments LLC bought a new stake in S&P Global in the 2nd quarter valued at $36,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was 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 owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction dated 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 directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $529.18 on Thursday. 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 $533.29. The stock has a market capitalization of $165.58 billion, a P/E ratio of 59.33, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The stock has a fifty day moving average of $510.85 and a 200-day moving average of $466.86.

S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping 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 company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the previous year, the firm earned $3.12 EPS. S&P Global’s revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 14.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Barclays boosted their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley boosted their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price target on S&P Global from $537.00 to $589.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $565.17.

Check Out Our Latest Stock Report on SPGI

S&P Global Company Profile

(Free Report)

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.

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