Captrust Financial Advisors Sells 2,298 Shares of S&P Global Inc. (NYSE:SPGI)

Captrust Financial Advisors cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,774 shares of the business services provider’s stock after selling 2,298 shares during the period. Captrust Financial Advisors’ holdings in S&P Global were worth $11,249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HWG Holdings LP bought a new position in shares of S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global in the third quarter valued at about $27,000. Sachetta LLC increased its holdings in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of S&P Global during the 2nd quarter valued at about $31,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.1 %

NYSE:SPGI opened at $522.51 on Monday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market capitalization of $162.13 billion, a price-to-earnings ratio of 46.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $509.21 and its two-hundred day moving average price is $485.71.

S&P Global (NYSE:SPGI) last issued its 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 business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 earnings per share. Equities research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced 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 of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPGI. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Finally, Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating 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 currently has an average rating of “Moderate Buy” and a consensus price target 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.