Lumature Wealth Partners LLC Acquires 209 Shares of S&P Global Inc. (NYSE:SPGI)

Lumature Wealth Partners LLC grew its position in S&P Global Inc. (NYSE:SPGIGet Rating) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,834 shares of the business services provider’s stock after acquiring an additional 209 shares during the period. Lumature Wealth Partners LLC’s holdings in S&P Global were worth $1,338,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. bought a new position in shares of S&P Global in the fourth quarter valued at approximately $25,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $28,000. MV Capital Management Inc. increased its holdings in shares of S&P Global by 65.9% in the third quarter. MV Capital Management Inc. now owns 68 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 27 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of S&P Global in the fourth quarter valued at approximately $31,000. Finally, JNBA Financial Advisors acquired a new stake in shares of S&P Global in the third quarter valued at approximately $36,000. Institutional investors own 94.26% of the company’s stock.

In other S&P Global news, EVP Steven J. Kemps sold 3,183 shares of the stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $404.04, for a total transaction of $1,286,059.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven J. Kemps sold 1,591 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $407.23, for a total transaction of $647,902.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,280 shares of company stock worth $4,478,177. 0.10% of the stock is owned by company insiders.

Shares of SPGI stock opened at $336.85 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50-day moving average is $387.25 and its 200-day moving average is $420.41. The stock has a market cap of $81.21 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.08 and a beta of 1.05. S&P Global Inc. has a 52-week low of $322.20 and a 52-week high of $484.21.

S&P Global (NYSE:SPGIGet Rating) last issued its earnings results on Tuesday, May 3rd. The business services provider reported $2.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.99 by ($0.10). The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $3.04 billion. S&P Global had a net margin of 40.43% and a return on equity of 31.07%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.39 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 13.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 27th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $3.40 dividend on an annualized basis and a yield of 1.01%. This is a positive change from S&P Global’s previous quarterly dividend of $0.77. S&P Global’s dividend payout ratio is 22.22%.

SPGI has been the subject of a number of analyst reports. UBS Group lowered their target price on shares of S&P Global from $486.00 to $441.00 in a report on Wednesday, May 4th. Robert W. Baird lowered their target price on shares of S&P Global from $493.00 to $472.00 and set an “outperform” rating for the company in a report on Wednesday, March 2nd. Jefferies Financial Group initiated coverage on shares of S&P Global in a report on Wednesday, March 2nd. They set a “buy” rating and a $453.00 target price for the company. StockNews.com initiated coverage on shares of S&P Global in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Credit Suisse Group lowered their target price on shares of S&P Global from $495.00 to $425.00 in a report on Wednesday, May 4th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $467.57.

About S&P Global (Get Rating)

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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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