BSW Wealth Partners Takes Position in S&P Global Inc. (NYSE:SPGI)

BSW Wealth Partners bought a new position in S&P Global Inc. (NYSE:SPGI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 585 shares of the business services provider’s stock, valued at approximately $207,000.

A number of other institutional investors also recently added to or reduced their stakes in SPGI. Price T Rowe Associates Inc. MD raised its holdings in S&P Global by 8.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,786,159 shares of the business services provider’s stock valued at $2,747,502,000 after buying an additional 575,677 shares during the period. TCI Fund Management Ltd. raised its stake in shares of S&P Global by 147.8% in the 1st quarter. TCI Fund Management Ltd. now owns 5,853,460 shares of the business services provider’s stock valued at $2,065,510,000 after acquiring an additional 3,491,166 shares during the period. Capital International Investors lifted its holdings in shares of S&P Global by 20.5% during the 1st quarter. Capital International Investors now owns 4,951,337 shares of the business services provider’s stock valued at $1,747,178,000 after acquiring an additional 843,371 shares in the last quarter. Geode Capital Management LLC boosted its position in S&P Global by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 3,471,471 shares of the business services provider’s stock worth $1,221,313,000 after purchasing an additional 48,400 shares during the period. Finally, Parnassus Investments CA purchased a new position in S&P Global in the first quarter valued at about $971,046,000. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Shares of SPGI stock opened at $417.06 on Thursday. The firm has a market capitalization of $100.47 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 3.25 and a beta of 0.97. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.85 and a quick ratio of 1.85. The business’s 50 day moving average is $395.89. S&P Global Inc. has a 1 year low of $303.50 and a 1 year high of $420.62.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 29th. The business services provider reported $3.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.26. S&P Global had a return on equity of 490.35% and a net margin of 32.01%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. Equities research analysts anticipate that S&P Global Inc. will post 12.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 10th. Investors of record on Thursday, August 26th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, August 25th. S&P Global’s dividend payout ratio (DPR) is currently 26.35%.

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on S&P Global from $435.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, July 15th. Robert W. Baird initiated coverage on shares of S&P Global in a research note on Tuesday, April 27th. They issued an “outperform” rating and a $437.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of S&P Global from $446.00 to $467.00 and gave the company a “buy” rating in a research note on Tuesday, July 6th. BMO Capital Markets boosted their target price on S&P Global from $380.00 to $428.00 and gave the stock an “outperform” rating in a report on Wednesday, April 14th. Finally, Raymond James upped their price target on shares of S&P Global from $410.00 to $443.00 and gave the company an “outperform” rating in a report on Wednesday, July 7th. Twelve equities research analysts have rated the stock with a buy rating, S&P Global presently has a consensus rating of “Buy” and an average target price of $435.25.

In related news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction on Friday, May 14th. The shares were sold at an average price of $379.05, for a total value of $2,653,350.00. Following the completion of the transaction, the chief executive officer now directly owns 159,523 shares of the company’s stock, valued at $60,467,193.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by insiders.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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