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

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global in the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global in the 4th quarter worth $27,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. raised its holdings in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new position in S&P Global in the first quarter worth about $33,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.3%

SPGI stock opened at $521.29 on Thursday. The firm’s fifty day moving average is $504.21 and its 200 day moving average is $503.51. The firm has a market cap of $159.88 billion, a PE ratio of 40.95, a P/E/G ratio of 2.55 and a beta of 1.20. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating 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 for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.01 EPS. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm 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 $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective for the company. UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Wells Fargo & Company upped their target price on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Finally, Robert W. Baird cut their target price on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Transactions at S&P Global

In other news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Profile

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.