WealthPLAN Partners LLC Cuts Stock Holdings in S&P Global Inc. (NYSE:SPGI)

WealthPLAN Partners LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 37.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,761 shares of the business services provider’s stock after selling 2,861 shares during the quarter. WealthPLAN Partners LLC’s holdings in S&P Global were worth $2,459,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPGI. Entropy Technologies LP purchased a new stake in shares of S&P Global in the third quarter valued at about $3,056,000. FDx Advisors Inc. raised its stake in S&P Global by 3.9% during the third quarter. FDx Advisors Inc. now owns 888 shares of the business services provider’s stock worth $459,000 after purchasing an additional 33 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in S&P Global by 13.5% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,860 shares of the business services provider’s stock valued at $1,994,000 after purchasing an additional 458 shares during the last quarter. GDS Wealth Management grew its stake in shares of S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of S&P Global during the 3rd quarter worth approximately $230,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.9 %

SPGI opened at $507.34 on Tuesday. The firm has a market cap of $157.43 billion, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 52 week low of $392.69 and a 52 week high of $533.29. The business’s 50 day moving average is $510.95 and its two-hundred day moving average is $477.05. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

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

S&P Global Announces Dividend

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

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price objective on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Bank of America lifted their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, BMO Capital Markets decreased their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

About S&P Global

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.