TD Private Client Wealth LLC Sells 199 Shares of S&P Global Inc. (NYSE:SPGI)

TD Private Client Wealth LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,610 shares of the business services provider’s stock after selling 199 shares during the period. TD Private Client Wealth LLC’s holdings in S&P Global were worth $802,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Eastern Bank grew its holdings in shares of S&P Global by 3.1% during 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. Wealthfront Advisers LLC increased its position in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock worth $18,799,000 after purchasing an additional 6,051 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of S&P Global during the third quarter worth $27,170,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $497.62 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $153.17 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.41 and a beta of 1.20. The company’s fifty day simple moving average is $513.85 and its 200 day simple moving average is $510.40. 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 announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the business posted $3.13 EPS. On average, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPGI. UBS Group increased their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company boosted their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

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.