KG&L Capital Management LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

KG&L Capital Management LLC purchased a new position in S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 595 shares of the business services provider’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in S&P Global by 46.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 471,275 shares of the business services provider’s stock worth $243,470,000 after purchasing an additional 150,122 shares in the last quarter. TrueWealth Advisors LLC bought a new position in S&P Global in the third quarter worth approximately $389,000. BSW Wealth Partners grew its stake in S&P Global by 19.6% in the third quarter. BSW Wealth Partners now owns 1,332 shares of the business services provider’s stock worth $688,000 after purchasing an additional 218 shares in the last quarter. Angeles Wealth Management LLC bought a new position in S&P Global in the third quarter worth approximately $249,000. Finally, Janney Montgomery Scott LLC lifted its holdings in S&P Global by 33.1% during the third quarter. Janney Montgomery Scott LLC now owns 83,861 shares of the business services provider’s stock worth $43,325,000 after buying an additional 20,856 shares during the period. Institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is owned by insiders.

S&P Global Stock Performance

Shares of SPGI stock opened at $485.77 on Tuesday. The firm has a market capitalization of $150.73 billion, a price-to-earnings ratio of 42.87, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03. The business has a fifty day moving average of $512.12 and a 200 day moving average of $474.13. S&P Global Inc. has a 1 year low of $381.33 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. As a group, research analysts expect that S&P Global Inc. will post 15.16 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Oppenheimer upped their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Bank of America upped their target price on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets decreased their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

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.