Waldron Private Wealth LLC Sells 40 Shares of S&P Global Inc. $SPGI

Waldron Private Wealth LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,356 shares of the business services provider’s stock after selling 40 shares during the quarter. Waldron Private Wealth LLC’s holdings in S&P Global were worth $715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. Valeo Financial Advisors LLC raised its holdings in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. Nuveen LLC purchased a new stake in shares of S&P Global in the 1st quarter valued at about $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of S&P Global by 70.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after acquiring an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of S&P Global by 37.9% in the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after acquiring an additional 210,373 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $489.02 on Friday. The stock has a market cap of $149.30 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.59 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The stock’s 50-day moving average is $514.03 and its 200 day moving average is $514.31.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. BMO Capital Markets lowered their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a report on Thursday, October 16th. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Friday. Oppenheimer raised their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Two research 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.com, the stock has a consensus rating of “Buy” and an average price target of $614.23.

S&P Global 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.