Smith Salley Wealth Management Has $19.03 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

by · The Cerbat Gem

Smith Salley Wealth Management increased its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 2.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,841 shares of the business services provider’s stock after buying an additional 867 shares during the quarter. S&P Global accounts for about 1.2% of Smith Salley Wealth Management’s holdings, making the stock its 27th biggest holding. Smith Salley Wealth Management’s holdings in S&P Global were worth $19,033,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the third quarter worth $27,000. Sachetta LLC grew its position in 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 S&P Global in the 2nd quarter worth about $27,000. Hobbs Group Advisors LLC bought a new position in S&P Global in the second quarter valued at about $31,000. Finally, First Pacific Financial boosted its stake in shares of S&P Global by 49.0% during the second 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 in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI opened at $490.61 on Friday. The firm has a market cap of $153.56 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $533.29. The business’s 50 day moving average price is $513.82 and its two-hundred day moving average price is $470.81. 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 (NYSE:SPGI – Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.21 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 14.79 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 34.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPGI shares. Bank of America raised their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Stifel Nicolaus increased their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Evercore ISI started coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Finally, BMO Capital Markets decreased their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $569.77.

Check Out Our Latest Stock Report on S&P Global

Insider Activity

In related news, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. 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 worth $8,645,727 in the last three months. Company insiders own 0.10% of the company’s stock.

S&P Global 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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