Arete Wealth Advisors LLC Has $237,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Arete Wealth Advisors LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 461 shares of the business services provider’s stock after selling 49 shares during the period. Arete Wealth Advisors LLC’s holdings in S&P Global were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares during the period. GDS Wealth Management raised its holdings in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in S&P Global by 4.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after buying an additional 1,405 shares in the last quarter. BDF Gestion bought a new position in S&P Global in the second quarter valued at approximately $4,419,000. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after buying an additional 1,806 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.1 %

NYSE SPGI opened at $522.57 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $162.15 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The business’s 50-day moving average price is $509.21 and its two-hundred day moving average price is $484.96.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business earned $3.21 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. On average, analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Oppenheimer upped their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Robert W. Baird lifted their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Company 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.