Mutual Advisors LLC Sells 37 Shares of S&P Global Inc. $SPGI

Mutual Advisors LLC lowered its position in S&P Global Inc. (NYSE:SPGI) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,622 shares of the business services provider’s stock after selling 37 shares during the period. Mutual Advisors LLC’s holdings in S&P Global were worth $868,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SPGI. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC raised its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SPGI shares. BMO Capital Markets dropped their price objective on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research report on Thursday. Morgan Stanley boosted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $614.23.

S&P Global Price Performance

SPGI opened at $473.76 on Friday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm has a market capitalization of $144.64 billion, a PE ratio of 36.44, a P/E/G ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average price of $521.74 and a two-hundred day moving average price of $513.25.

S&P Global (NYSE:SPGI) last announced its quarterly 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 during the quarter. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

S&P Global Company 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.