S&P Global Inc. (NYSE:SPGI) Shares Bought by ORG Wealth Partners LLC

ORG Wealth Partners LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 27.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,293 shares of the business services provider’s stock after purchasing an additional 276 shares during the period. ORG Wealth Partners LLC’s holdings in S&P Global were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Wealthfront Advisers LLC raised its position in shares of S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after acquiring an additional 6,051 shares in the last quarter. Graham Capital Management L.P. bought a new position in S&P Global during the 4th quarter worth $14,040,000. Freestone Capital Holdings LLC grew its stake in S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider’s stock worth $5,727,000 after buying an additional 49 shares during the last quarter. Asahi Life Asset Management CO. LTD. grew its stake in S&P Global by 85.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider’s stock worth $641,000 after buying an additional 595 shares during the last quarter. Finally, Coalescence Partners Investment Management LP grew its stake in S&P Global by 62.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider’s stock worth $14,985,000 after buying an additional 11,599 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.3%

Shares of S&P Global stock opened at $502.59 on Thursday. The stock has a 50-day moving average price of $499.48 and a 200 day moving average price of $503.68. The company has a market cap of $154.14 billion, a P/E ratio of 39.48, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm posted $4.01 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global’s payout ratio is currently 30.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price objective on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research note on Wednesday, April 30th. Bank of America initiated coverage on S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target for the company. Wells Fargo & Company raised their target price on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Finally, Stifel Nicolaus decreased their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $592.71.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

About S&P Global

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: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.