Elwood & Goetz Wealth Advisory Group LLC Purchases Shares of 612 S&P Global Inc. (NYSE:SPGI)

Elwood & Goetz Wealth Advisory Group LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 612 shares of the business services provider’s stock, valued at approximately $316,000.

A number of other hedge funds also recently made changes to their positions in the business. Kingswood Wealth Advisors LLC grew its holdings in shares of S&P Global by 16.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,047 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 145 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in S&P Global by 52.6% during the first quarter. 180 Wealth Advisors LLC now owns 769 shares of the business services provider’s stock worth $327,000 after purchasing an additional 265 shares during the period. Vicus Capital bought a new stake in shares of S&P Global in the 1st quarter valued at $429,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of S&P Global by 10.3% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 1,457 shares of the business services provider’s stock valued at $620,000 after purchasing an additional 136 shares during the period. Finally, Foguth Wealth Management LLC. acquired a new position in S&P Global during the 1st quarter worth approximately $205,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. 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, 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 value of $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,862 shares of company stock valued at $8,645,727. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent research reports. Morgan Stanley upped their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective on S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada boosted their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $569.77.

S&P Global Stock Down 0.5 %

Shares of S&P Global stock opened at $490.61 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. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $533.29. The company’s 50 day moving average price is $513.83 and its 200-day moving average price is $470.17. The stock has a market capitalization of $153.56 billion, a price-to-earnings ratio of 46.50, a P/E/G ratio of 2.76 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. Equities research analysts forecast that S&P Global Inc. will post 14.79 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed 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. This represents a $3.64 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 34.50%.

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.