S&P Global Inc. (NYSE:SPGI) Holdings Lowered by WealthShield Partners LLC

WealthShield Partners LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 31.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,021 shares of the business services provider’s stock after selling 1,825 shares during the period. WealthShield Partners LLC’s holdings in S&P Global were worth $1,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in shares of S&P Global by 2.0% during the second quarter. State Street Corp now owns 14,434,798 shares of the business services provider’s stock worth $5,786,766,000 after acquiring an additional 282,966 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares during the period. Morgan Stanley boosted its stake in S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after buying an additional 428,737 shares in the last quarter. Northern Trust Corp boosted its position in shares of S&P Global by 39.5% during the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after acquiring an additional 1,056,097 shares in the last quarter. Finally, Norges Bank acquired a new stake in S&P Global during the fourth quarter valued at approximately $1,112,935,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity

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

S&P Global Stock Performance

Shares of NYSE SPGI traded up $0.05 during midday trading on Wednesday, hitting $426.16. 646,471 shares of the company’s stock were exchanged, compared to its average volume of 1,341,764. S&P Global Inc. has a 12 month low of $329.46 and a 12 month high of $461.16. The company’s 50 day moving average price is $432.10 and its 200 day moving average price is $411.79. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $136.48 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 2.44 and a beta of 1.15.

S&P Global (NYSE:SPGIGet Free Report) last announced its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the firm posted $2.54 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts predict that S&P Global Inc. will post 14 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a $0.91 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.85%. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is 44.23%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SPGI shares. Barclays raised their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday. BMO Capital Markets upped 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. Oppenheimer reissued an “outperform” rating and issued a $480.00 price target on shares of S&P Global in a report on Tuesday. Raymond James raised their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $464.22.

Get Our Latest Research Report on SPGI

S&P Global Profile

(Free Report)

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, and S&P Dow Jones Indices segments.

Recommended Stories

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGIFree Report).

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.