Atomi Financial Group Inc. Grows Position in S&P Global Inc. (NYSE:SPGI)

Atomi Financial Group Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 31.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,052 shares of the business services provider’s stock after purchasing an additional 250 shares during the period. Atomi Financial Group Inc.’s holdings in S&P Global were worth $469,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its position in shares of S&P Global by 35.5% in the fourth quarter. HHM Wealth Advisors LLC now owns 229 shares of the business services provider’s stock valued at $101,000 after acquiring an additional 60 shares in the last quarter. Marco Investment Management LLC purchased a new position in shares of S&P Global in the fourth quarter valued at about $220,000. Gilbert & Cook Inc. lifted its position in shares of S&P Global by 7.8% in the fourth quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 83 shares in the last quarter. Montag & Caldwell LLC lifted its position in shares of S&P Global by 15.1% in the fourth quarter. Montag & Caldwell LLC now owns 37,564 shares of the business services provider’s stock valued at $16,548,000 after acquiring an additional 4,931 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of S&P Global in the fourth quarter worth about $239,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SPGI shares. BMO Capital Markets boosted their price objective on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research note on Tuesday, August 13th. UBS Group boosted their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Barclays boosted their price objective on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Oppenheimer boosted their price objective on S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $530.75.

S&P Global Stock Up 0.7 %

S&P Global stock traded up $3.52 during mid-day trading on Tuesday, reaching $505.54. 1,123,386 shares of the company were exchanged, compared to its average volume of 1,236,464. The business has a fifty day moving average of $474.44 and a 200 day moving average of $443.54. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 1.03. The firm has a market cap of $158.18 billion, a P/E ratio of 56.66, a PEG ratio of 2.55 and a beta of 1.16. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $506.79.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. S&P Global’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.12 earnings per share. Research analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Activity

In other news, insider Edouard Tavernier sold 500 shares of the stock in a transaction 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 completion of the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction, the executive vice president now owns 1,455 shares in the company, valued at approximately $715,205.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edouard Tavernier sold 500 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the sale, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,862 shares of company stock worth $8,645,727. Insiders own 0.10% of the company’s stock.

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.