W.H. Cornerstone Investments Inc. Sells 233 Shares of S&P Global Inc. $SPGI

W.H. Cornerstone Investments Inc. trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 24.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 729 shares of the business services provider’s stock after selling 233 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in S&P Global were worth $384,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Costello Asset Management INC purchased a new position in S&P Global in the 1st quarter worth $26,000. Cheviot Value Management LLC purchased a new stake in S&P Global during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global during the 2nd quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC increased its stake 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 period. Finally, eCIO Inc. bought a new stake in S&P Global in the first quarter valued at approximately $32,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $8.29 during trading on Thursday, hitting $504.13. The company had a trading volume of 259,630 shares, compared to its average volume of 1,355,526. The firm has a market capitalization of $152.65 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a 50 day simple moving average of $499.22 and a 200 day simple moving average of $516.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share 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. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is currently 27.93%.

Analysts Set New Price Targets

Several brokerages recently commented on SPGI. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Citigroup boosted their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Barclays increased their price objective on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Evercore ISI boosted their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Morgan Stanley raised 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, October 9th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus price target of $612.38.

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.