Ashton Thomas Private Wealth LLC Sells 1,394 Shares of S&P Global Inc. (NYSE:SPGI)

Ashton Thomas Private Wealth LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 9.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,108 shares of the business services provider’s stock after selling 1,394 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in S&P Global were worth $6,772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verus Capital Partners LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at about $221,000. Platform Technology Partners boosted its holdings in shares of S&P Global by 0.8% during the 3rd quarter. Platform Technology Partners now owns 3,448 shares of the business services provider’s stock worth $1,781,000 after buying an additional 26 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of S&P Global by 0.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 727,551 shares of the business services provider’s stock worth $375,867,000 after buying an additional 5,285 shares during the period. WealthPlan Investment Management LLC lifted its position in shares of S&P Global by 66.9% during the 3rd quarter. WealthPlan Investment Management LLC now owns 8,959 shares of the business services provider’s stock valued at $4,629,000 after acquiring an additional 3,592 shares during the period. Finally, Entropy Technologies LP bought a new position in S&P Global during the third quarter worth $3,056,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SPGI shares. Oppenheimer upped their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Morgan Stanley boosted their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Trading Up 0.9 %

Shares of SPGI stock opened at $507.34 on Tuesday. S&P Global Inc. has a 52-week low of $392.69 and a 52-week high of $533.29. The business’s fifty day moving average is $510.95 and its 200 day moving average is $477.05. 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 company has a market capitalization of $157.43 billion, a PE ratio of 44.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm 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%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.21 EPS. On average, equities research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

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.