S&P Global Inc. (NYSE:SPGI) Shares Sold by Prospera Private Wealth LLC

Prospera Private Wealth LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% during the third quarter, HoldingsChannel.com reports. The firm owned 773 shares of the business services provider’s stock after selling 21 shares during the period. Prospera Private Wealth LLC’s holdings in S&P Global were worth $399,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at about $27,000. Sachetta LLC lifted its holdings in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services purchased a new position in S&P Global in the 3rd quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in S&P Global in the 2nd quarter valued at about $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.2 %

Shares of NYSE:SPGI opened at $503.12 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a 50 day moving average of $509.61 and a two-hundred day moving average of $480.93. The company has a market capitalization of $156.12 billion, a price-to-earnings ratio of 44.41, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the company earned $3.21 earnings per share. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent research reports. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Oppenheimer upped their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. UBS Group increased their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley increased their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets cut their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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.