S&P Global Inc. (NYSE:SPGI) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 689 shares of the business services provider’s stock after selling 26 shares during the period. Main Street Financial Solutions LLC’s holdings in S&P Global were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Solstein Capital LLC acquired a new position in S&P Global during the first quarter worth about $27,000. Prentice Wealth Management LLC acquired a new position in S&P Global during the first quarter worth about $47,000. Arkadios Wealth Advisors raised its position in S&P Global by 100.0% during the second quarter. Arkadios Wealth Advisors now owns 122 shares of the business services provider’s stock worth $50,000 after acquiring an additional 61 shares during the last quarter. Sandy Spring Bank raised its position in S&P Global by 170.6% during the second quarter. Sandy Spring Bank now owns 184 shares of the business services provider’s stock worth $75,000 after acquiring an additional 116 shares during the last quarter. Finally, Concord Wealth Partners raised its position in S&P Global by 111.2% during the first quarter. Concord Wealth Partners now owns 226 shares of the business services provider’s stock worth $80,000 after acquiring an additional 119 shares during the last quarter. Institutional investors own 92.36% of the company’s stock.

S&P Global stock opened at $454.05 on Friday. S&P Global Inc. has a 1 year low of $303.50 and a 1 year high of $456.63. The firm has a 50 day moving average price of $433.91 and a 200 day moving average price of $396.46. The company has a market cap of $109.43 billion, a price-to-earnings ratio of 44.60, a PEG ratio of 3.43 and a beta of 0.95. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.09 and a current ratio of 2.09.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 29th. The business services provider reported $3.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.34. S&P Global had a net margin of 31.42% and a return on equity of 347.40%. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2 billion. Sell-side analysts predict that S&P Global Inc. will post 13.13 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Thursday, August 26th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, August 25th. This represents a $3.08 annualized dividend and a yield of 0.68%. S&P Global’s dividend payout ratio is currently 26.35%.

A number of brokerages have recently commented on SPGI. Oppenheimer lifted their price target on shares of S&P Global from $476.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada began coverage on shares of S&P Global in a report on Wednesday, July 7th. They set an “outperform” rating and a $476.00 price target for the company. Stifel Nicolaus lifted their price target on shares of S&P Global from $446.00 to $467.00 and gave the stock a “buy” rating in a report on Tuesday, July 6th. Morgan Stanley lifted their price target on shares of S&P Global from $476.00 to $491.00 and gave the stock an “overweight” rating in a report on Friday, July 30th. Finally, Raymond James lifted their price target on shares of S&P Global from $443.00 to $455.00 and gave the stock an “outperform” rating in a report on Friday, July 30th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and a consensus price target of $463.90.

S&P Global Company 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: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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