S&P Global Inc. $SPGI Holdings Decreased by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 842 shares of the business services provider’s stock after selling 23 shares during the quarter. FSM Wealth Advisors LLC’s holdings in S&P Global were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bleakley Financial Group LLC grew its holdings in shares of S&P Global by 8.0% during the second quarter. Bleakley Financial Group LLC now owns 11,025 shares of the business services provider’s stock valued at $5,814,000 after buying an additional 821 shares in the last quarter. Principle Wealth Partners LLC grew its holdings in shares of S&P Global by 9.2% during the second quarter. Principle Wealth Partners LLC now owns 1,297 shares of the business services provider’s stock valued at $684,000 after buying an additional 109 shares in the last quarter. Forum Financial Management LP grew its stake in S&P Global by 4.0% in the second quarter. Forum Financial Management LP now owns 3,098 shares of the business services provider’s stock valued at $1,634,000 after purchasing an additional 120 shares in the last quarter. Ethic Inc. grew its stake in S&P Global by 1.3% in the second quarter. Ethic Inc. now owns 51,486 shares of the business services provider’s stock valued at $26,655,000 after purchasing an additional 655 shares in the last quarter. Finally, Caliber Wealth Management LLC KS grew its stake in S&P Global by 0.7% in the second quarter. Caliber Wealth Management LLC KS now owns 3,404 shares of the business services provider’s stock valued at $1,795,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI opened at $482.60 on Friday. The company has a market cap of $147.34 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. The stock has a 50-day moving average of $515.37 and a 200-day moving average of $513.48. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion during the quarter. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

A number of research analysts have commented on SPGI shares. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Evercore ISI boosted their target price on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Morgan Stanley boosted their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Finally, Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $614.23.

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.