Exencial Wealth Advisors LLC Has $16 Million Stake in S&P Global Inc. $SPGI

Exencial Wealth Advisors LLC decreased its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 3.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 30,348 shares of the business services provider’s stock after selling 1,159 shares during the period. Exencial Wealth Advisors LLC’s holdings in S&P Global were worth $16,002,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Divergent Planning LLC acquired a new position in S&P Global in the second quarter worth $303,000. Dynamic Advisor Solutions LLC boosted its stake in S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC acquired a new position in S&P Global in the first quarter worth $240,000. Foster Victor Wealth Advisors LLC boosted its stake in S&P Global by 4.6% in the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in S&P Global in the first quarter worth $386,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.3%

NYSE SPGI opened at $483.85 on Wednesday. The stock has a 50-day simple moving average of $518.66 and a 200 day simple moving average of $513.40. The company has a market capitalization of $147.72 billion, a PE ratio of 37.22, a P/E/G ratio of 2.52 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 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGIGet Free Report) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective 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. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Morgan Stanley boosted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, Evercore ISI boosted their target price on S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and a consensus target price of $614.23.

View Our Latest Report on S&P Global

S&P Global Profile

(Free Report)

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.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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