SVB Wealth LLC Sells 1,090 Shares of S&P Global Inc. (NYSE:SPGI)

SVB Wealth LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 23.7% during the fourth quarter, HoldingsChannel reports. The fund owned 3,500 shares of the business services provider’s stock after selling 1,090 shares during the quarter. SVB Wealth LLC’s holdings in S&P Global were worth $1,542,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Kathleen S. Wright Associates Inc. bought a new stake in S&P Global during the 3rd quarter worth approximately $25,000. Valued Wealth Advisors LLC bought a new stake in shares of S&P Global in the 4th quarter valued at $28,000. Harbour Investments Inc. boosted its stake in shares of S&P Global by 45.8% in the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 27 shares during the last quarter. Fortis Group Advisors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at $33,000. Finally, LFA Lugano Financial Advisors SA boosted its stake in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on SPGI. Raymond James boosted their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Barclays upped their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer restated an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

S&P Global Price Performance

S&P Global stock opened at $413.37 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a market cap of $132.39 billion, a P/E ratio of 50.23, a P/E/G ratio of 2.32 and a beta of 1.15. The company’s 50 day moving average price is $425.23 and its two-hundred day moving average price is $415.25. S&P Global Inc. has a 52 week low of $338.92 and a 52 week high of $461.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $2.54 EPS. On average, equities analysts predict that S&P Global Inc. will post 14.08 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is 44.23%.

S&P Global Company Profile

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.