Wrapmanager Inc. Sells 59 Shares of S&P Global Inc. (NYSE:SPGI)

Wrapmanager Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 793 shares of the business services provider’s stock after selling 59 shares during the period. Wrapmanager Inc.’s holdings in S&P Global were worth $349,000 at the end of the most recent quarter.

Several 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 during the fourth quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group grew its stake in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the last quarter. Fortis Group Advisors LLC bought a new position in S&P Global during the 3rd quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA raised its stake 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 buying an additional 50 shares during the last quarter. Finally, Asset Dedication LLC bought a new stake in S&P Global in the third quarter worth $35,000. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Oppenheimer upped their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus raised their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, 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 research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

Insider Activity at S&P Global

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

S&P Global Stock Performance

SPGI traded up $3.08 during mid-day trading on Thursday, reaching $432.29. 989,579 shares of the company traded hands, compared to its average volume of 1,359,554. The stock has a market capitalization of $135.26 billion, a P/E ratio of 48.46, a P/E/G ratio of 2.37 and a beta of 1.14. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $422.49 and its 200-day moving average price is $421.03.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, sell-side analysts expect that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s payout ratio is 40.81%.

About S&P Global

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.