Axxcess Wealth Management LLC Sells 431 Shares of S&P Global Inc. $SPGI

Axxcess Wealth Management LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 23.5% during the second quarter, HoldingsChannel.com reports. The fund owned 1,401 shares of the business services provider’s stock after selling 431 shares during the quarter. Axxcess Wealth Management LLC’s holdings in S&P Global were worth $739,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Alpine Woods Capital Investors LLC grew its holdings in shares of S&P Global by 9.1% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 1,275 shares of the business services provider’s stock worth $672,000 after purchasing an additional 106 shares during the last quarter. Cornerstone Wealth Group LLC grew its stake in S&P Global by 8.1% during the second quarter. Cornerstone Wealth Group LLC now owns 577 shares of the business services provider’s stock worth $304,000 after buying an additional 43 shares during the last quarter. NorthRock Partners LLC grew its stake in S&P Global by 7.2% during the second quarter. NorthRock Partners LLC now owns 4,817 shares of the business services provider’s stock worth $2,539,000 after buying an additional 325 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in S&P Global by 0.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,137 shares of the business services provider’s stock worth $14,309,000 after acquiring an additional 100 shares during the last quarter. Finally, Concord Asset Management LLC VA grew its position in S&P Global by 21.1% during the 2nd quarter. Concord Asset Management LLC VA now owns 1,032 shares of the business services provider’s stock worth $544,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.4%

Shares of NYSE SPGI opened at $473.76 on Friday. The firm has a market capitalization of $144.64 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.49 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 firm’s 50-day moving average is $521.74 and its 200-day moving average is $513.26.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion for the quarter. Equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SPGI. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. BMO Capital Markets decreased their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a report on Thursday. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price 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.