Spire Wealth Management Has $8.15 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Spire Wealth Management grew its position in S&P Global Inc. (NYSE:SPGI) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,450 shares of the business services provider’s stock after purchasing an additional 2,470 shares during the quarter. Spire Wealth Management’s holdings in S&P Global were worth $8,154,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SPGI. Clearstead Trust LLC bought a new position in shares of S&P Global during the fourth quarter worth approximately $341,000. National Bank of Canada FI raised its position in S&P Global by 84.9% during the fourth quarter. National Bank of Canada FI now owns 281,396 shares of the business services provider’s stock valued at $122,800,000 after purchasing an additional 129,190 shares in the last quarter. TCG Advisory Services LLC bought a new stake in S&P Global during the fourth quarter worth $512,000. Forte Capital LLC ADV increased its stake in shares of S&P Global by 13.9% in the 4th quarter. Forte Capital LLC ADV now owns 1,945 shares of the business services provider’s stock valued at $857,000 after purchasing an additional 237 shares during the last quarter. Finally, AJOVista LLC acquired a new position in shares of S&P Global during the 4th quarter worth $108,000. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. BMO Capital Markets increased their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Oppenheimer upped their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus lifted their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Raymond James increased their price objective on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $462.60.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was 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 approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $1.91 during midday trading on Tuesday, hitting $427.67. The company’s stock had a trading volume of 66,403 shares, compared to its average volume of 1,359,001. The stock has a fifty day moving average price of $422.48 and a 200 day moving average price of $420.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The firm has a market capitalization of $133.82 billion, a price-to-earnings ratio of 47.73, a P/E/G ratio of 2.37 and a beta of 1.14.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. On average, research analysts forecast that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s payout ratio is 40.81%.

S&P Global 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.