Hennion & Walsh Asset Management Inc. Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Hennion & Walsh Asset Management Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,022 shares of the business services provider’s stock after buying an additional 29 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in S&P Global were worth $7,761,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Global Assets Advisory LLC purchased a new stake in shares of S&P Global during the 3rd quarter valued at $361,000. International Assets Investment Management LLC grew its stake in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after buying an additional 466,757 shares during the period. Lake Street Private Wealth LLC purchased a new stake in shares of S&P Global during the 3rd quarter valued at $208,000. Elevated Capital Advisors LLC lifted its holdings in shares of S&P Global by 1.7% during the 3rd quarter. Elevated Capital Advisors LLC now owns 1,873 shares of the business services provider’s stock valued at $968,000 after acquiring an additional 31 shares in the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its holdings in shares of S&P Global by 54.4% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 72,066 shares of the business services provider’s stock valued at $37,231,000 after acquiring an additional 25,400 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now directly owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPGI. Oppenheimer lifted their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. UBS Group boosted their price objective on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Bank of America boosted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Morgan Stanley upped their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $565.17.

S&P Global Price Performance

NYSE SPGI opened at $510.92 on Thursday. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $533.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The stock has a market cap of $159.87 billion, a price-to-earnings ratio of 57.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The company has a 50-day moving average price of $513.82 and a two-hundred day moving average price of $470.01.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the prior year, the firm earned $3.12 EPS. S&P Global’s quarterly revenue was up 14.4% on a year-over-year basis. Analysts forecast that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

About S&P Global

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.