Wealth Architects LLC Sells 21 Shares of S&P Global Inc. $SPGI

Wealth Architects LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 681 shares of the business services provider’s stock after selling 21 shares during the quarter. Wealth Architects LLC’s holdings in S&P Global were worth $359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Cheviot Value Management LLC bought a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global during the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global during the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.3%

NYSE SPGI opened at $486.39 on Monday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a market cap of $148.49 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19. The stock’s fifty day moving average price is $529.93 and its 200-day moving average price is $514.33. 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 (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 29.54%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent analyst reports. Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a report on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price target on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Morgan Stanley upped their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, UBS Group upped their price target on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Two equities 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, the stock presently has an average rating of “Buy” and a consensus price target of $614.85.

About S&P Global

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.