Venturi Wealth Management LLC Has $1.21 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Venturi Wealth Management LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,422 shares of the business services provider’s stock after selling 109 shares during the period. Venturi Wealth Management LLC’s holdings in S&P Global were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares in the last quarter. GDS Wealth Management grew its stake in shares of S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the period. Sanctuary Advisors LLC increased its position in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Eastern Bank raised its position in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in shares of S&P Global in the third quarter worth about $27,170,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $543.08 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $168.52 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 2.39 and a beta of 1.20. The company’s fifty day simple moving average is $508.53 and its 200 day simple moving average is $508.17. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter in the previous year, the company earned $3.13 earnings per share. On average, analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.71%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SPGI. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Morgan Stanley boosted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. StockNews.com raised S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.