S&P Global Inc. (NYSE:SPGI) Shares Sold by Beaumont Financial Advisors LLC

12 Oct 2024, 05:45 by Doug Wharley · The Cerbat Gem

Beaumont Financial Advisors LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 14.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,020 shares of the business services provider’s stock after selling 346 shares during the period. Beaumont Financial Advisors LLC’s holdings in S&P Global were worth $1,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First National Corp MA ADV boosted its position in S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after purchasing an additional 20 shares in the last quarter. Sapient Capital LLC boosted its position in S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares in the last quarter. Chatham Capital Group Inc. boosted its position in S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after purchasing an additional 21 shares in the last quarter. Kampmann Melissa S. boosted its position in S&P Global by 0.3% during the second quarter. Kampmann Melissa S. now owns 8,284 shares of the business services provider’s stock worth $3,695,000 after purchasing an additional 21 shares in the last quarter. Finally, D.B. Root & Company LLC boosted its position in S&P Global by 2.4% during the second quarter. D.B. Root & Company LLC now owns 955 shares of the business services provider’s stock worth $426,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $521.86 on Friday. The firm has a market capitalization of $163.34 billion, a PE ratio of 49.47, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50-day moving average of $507.74 and a two-hundred day moving average of $464.36. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $528.02.

S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly 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 return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period in the prior year, the firm posted $3.12 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. As a group, research analysts forecast that S&P Global Inc. will post 14.61 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 34.50%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. upped their price objective on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Barclays upped their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Oppenheimer upped their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $560.83.

View Our Latest Report on S&P Global

Insider Buying and Selling at S&P Global

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. 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 available through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 in the last 90 days. 0.10% of the stock is owned by corporate insiders.

About S&P Global

(Free Report)