S&P Global Inc. (NYSE:SPGI) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,996 shares of the business services provider’s stock after selling 296 shares during the period. Moran Wealth Management LLC’s holdings in S&P Global were worth $14,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. HWG Holdings LP purchased a new position in shares of S&P Global in the 2nd quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter valued at about $27,000. Sachetta LLC grew its stake 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 purchasing an additional 30 shares in the last quarter. First Personal Financial Services bought a new position in shares of S&P Global in the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in S&P Global during the second quarter worth approximately $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 1.1 %

Shares of NYSE:SPGI traded down $5.49 during mid-day trading on Wednesday, reaching $496.82. 280,170 shares of the company were exchanged, compared to its average volume of 1,207,187. The firm’s 50-day simple moving average is $509.86 and its 200 day simple moving average is $480.77. The firm has a market cap of $154.16 billion, a price-to-earnings ratio of 44.33, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.21 EPS. Equities research analysts forecast that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer raised their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Company 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.