Apollon Wealth Management LLC Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

Apollon Wealth Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 111.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,798 shares of the business services provider’s stock after acquiring an additional 9,920 shares during the period. Apollon Wealth Management LLC’s holdings in S&P Global were worth $8,281,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC bought a new position in shares of S&P Global in the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group increased its stake in S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares during the last quarter. Fortis Group Advisors LLC purchased a new stake in S&P Global during the third quarter valued at about $33,000. LFA Lugano Financial Advisors SA raised its position in S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in S&P Global during the third quarter worth about $35,000. Institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SPGI shares. BMO Capital Markets raised their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Barclays lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer upped their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.60.

S&P Global Trading Up 0.7 %

Shares of SPGI stock traded up $2.80 during trading hours on Tuesday, reaching $428.56. The company’s stock had a trading volume of 787,022 shares, compared to its average volume of 1,367,292. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $134.10 billion, a P/E ratio of 47.73, a P/E/G ratio of 2.37 and a beta of 1.14. The firm’s fifty day simple moving average is $422.48 and its 200 day simple moving average is $420.42. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Equities research analysts expect that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 40.81%.

S&P Global Profile

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.