Segment Wealth Management LLC Has $48.78 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Segment Wealth Management LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,422 shares of the business services provider’s stock after selling 14,941 shares during the period. S&P Global accounts for about 3.4% of Segment Wealth Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Segment Wealth Management LLC’s holdings in S&P Global were worth $48,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. RFG Advisory LLC bought a new stake in S&P Global in the first quarter valued at approximately $207,000. Riverview Trust Co bought a new stake in S&P Global in the first quarter valued at approximately $45,000. Dynamic Advisor Solutions LLC increased its stake in S&P Global by 5.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 7,082 shares of the business services provider’s stock valued at $3,013,000 after purchasing an additional 335 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in S&P Global by 16.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 1,047 shares of the business services provider’s stock valued at $445,000 after purchasing an additional 145 shares in the last quarter. Finally, Elevated Capital Advisors LLC increased its stake in S&P Global by 6.8% in the first quarter. Elevated Capital Advisors LLC now owns 1,639 shares of the business services provider’s stock valued at $697,000 after purchasing an additional 105 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $513.52 on Wednesday. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29. The firm has a fifty day simple moving average of $513.46 and a 200 day simple moving average of $469.72. The stock has a market capitalization of $160.68 billion, a price-to-earnings ratio of 57.57, a PEG ratio of 2.91 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the prior year, the company posted $3.12 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Research analysts forecast that S&P Global Inc. will post 14.61 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 40.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPGI shares. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BMO Capital Markets increased their price objective on shares of S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Stifel Nicolaus increased their price objective on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $565.17.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock worth $8,645,727 over the last quarter. 0.10% of the stock is currently owned by insiders.

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.