S&P Global Inc. (NYSE:SPGI) Shares Sold by Aviso Wealth Management

Aviso Wealth Management reduced its position in S&P Global Inc. (NYSE:SPGI) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 523 shares of the business services provider’s stock after selling 28 shares during the quarter. Aviso Wealth Management’s holdings in S&P Global were worth $270,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. HWG Holdings LP purchased a new stake in shares of S&P Global during the second quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter worth approximately $27,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global during the second quarter worth approximately $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SPGI shares. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 1.4 %

S&P Global stock opened at $503.29 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $156.17 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29. The stock’s fifty day moving average is $510.47 and its two-hundred day moving average is $479.62.

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

S&P Global Announces Dividend

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

About S&P Global

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.