KG&L Capital Management LLC Buys 238 Shares of S&P Global Inc. (NYSE:SPGI)

KG&L Capital Management LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 29.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,058 shares of the business services provider’s stock after buying an additional 238 shares during the quarter. KG&L Capital Management LLC’s holdings in S&P Global were worth $538,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPGI. Brighton Jones LLC raised its stake in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of S&P Global by 3.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider’s stock valued at $37,093,000 after purchasing an additional 2,413 shares during the last quarter. Sigma Planning Corp increased its holdings in shares of S&P Global by 12.6% during the fourth quarter. Sigma Planning Corp now owns 1,428 shares of the business services provider’s stock worth $711,000 after buying an additional 160 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in S&P Global by 17.8% in the 4th quarter. Wealthspire Advisors LLC now owns 768 shares of the business services provider’s stock worth $383,000 after purchasing an additional 116 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of S&P Global by 4.5% during the fourth quarter. IFP Advisors Inc now owns 5,370 shares of the business services provider’s stock valued at $2,675,000 after purchasing an additional 232 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SPGI shares. Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Robert W. Baird reduced 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. UBS Group upped their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Argus upgraded S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. Finally, 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 target price on the stock. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.3%

SPGI opened at $521.29 on Thursday. The stock has a market capitalization of $159.88 billion, a price-to-earnings ratio of 40.95, a PEG ratio of 2.55 and a beta of 1.20. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average price of $504.21 and a 200-day moving average price of $503.51. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $545.39.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s payout ratio is 30.16%.

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.