Venturi Wealth Management LLC Sells 307 Shares of S&P Global Inc. (NYSE:SPGI)

Venturi Wealth Management LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,531 shares of the business services provider’s stock after selling 307 shares during the period. Venturi Wealth Management LLC’s holdings in S&P Global were worth $1,308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPGI. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at about $29,000. Sachetta LLC raised its stake in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the period. Capital Performance Advisors LLP acquired a new position in S&P Global during the 3rd quarter worth approximately $31,000. Finally, HWG Holdings LP acquired a new position in S&P Global during the 2nd quarter worth approximately $27,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wells Fargo & Company upped their target price on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets reduced their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Up 0.9 %

SPGI opened at $507.34 on Tuesday. The company has a market cap of $157.43 billion, a P/E ratio of 44.78, a P/E/G ratio of 2.57 and a beta of 1.18. The business’s 50-day moving average price is $511.07 and its 200-day moving average price is $476.41. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $392.69 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm earned $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global’s payout ratio is currently 32.13%.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.