S&P Global Inc. (NYSE:SPGI) Shares Sold by Compass Ion Advisors LLC

Compass Ion Advisors LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 607 shares of the business services provider’s stock after selling 38 shares during the quarter. Compass Ion Advisors LLC’s holdings in S&P Global were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Janney Capital Management LLC boosted its holdings in S&P Global by 2.7% in the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after purchasing an additional 461 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of S&P Global by 15.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after acquiring an additional 190,758 shares during the period. Citizens Financial Group Inc. RI raised its stake in shares of S&P Global by 54.2% in the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after acquiring an additional 1,115 shares during the period. Finally, Handelsinvest Investeringsforvaltning purchased a new stake in shares of S&P Global in the 4th quarter valued at approximately $1,644,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI opened at $446.32 on Tuesday. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The firm’s 50 day moving average price is $431.45 and its 200 day moving average price is $431.72. The company has a market cap of $139.65 billion, a P/E ratio of 50.04, a PEG ratio of 2.48 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced 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. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, research analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus boosted 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 note on Friday, April 26th. Finally, Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $468.33.

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.