Wealth Architects LLC Reduces Position in S&P Global Inc. $SPGI

Wealth Architects LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 681 shares of the business services provider’s stock after selling 21 shares during the quarter. Wealth Architects LLC’s holdings in S&P Global were worth $359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SPGI. Cheviot Value Management LLC purchased a new stake in shares of S&P Global during the first quarter valued at $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global in the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new position in S&P Global in the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on SPGI shares. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Morgan Stanley raised their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. raised their target price on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus price target of $614.85.

S&P Global Stock Down 0.3%

NYSE SPGI opened at $486.39 on Monday. The stock’s 50-day moving average price is $529.93 and its 200-day moving average price is $514.33. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a market capitalization of $148.49 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 29.54%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.