Western Wealth Management LLC Has $1.26 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Western Wealth Management LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,865 shares of the business services provider’s stock after purchasing an additional 590 shares during the period. Western Wealth Management LLC’s holdings in S&P Global were worth $1,262,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of S&P Global during the third quarter worth $25,000. LFA Lugano Financial Advisors SA increased its holdings in shares of S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after buying an additional 50 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of S&P Global by 45.8% during the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after buying an additional 27 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPGI. Stifel Nicolaus lowered their price target on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a report on Thursday. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Raymond James upped their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Stock Performance

Shares of SPGI opened at $412.56 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $132.13 billion, a P/E ratio of 50.13, a price-to-earnings-growth ratio of 2.33 and a beta of 1.15. The firm’s fifty day simple moving average is $424.73 and its two-hundred day simple moving average is $415.57. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $2.54 EPS. As a group, analysts predict that S&P Global Inc. will post 14.08 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is 44.23%.

About S&P Global

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.