S&P Global Inc. $SPGI Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,347 shares of the business services provider’s stock after selling 1,901 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in S&P Global were worth $9,147,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the first quarter worth about $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its stake in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.4%

SPGI stock opened at $479.18 on Tuesday. The company’s 50 day simple moving average is $528.26 and its 200-day simple moving average is $514.17. The firm has a market capitalization of $146.29 billion, a PE ratio of 36.86, a P/E/G ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

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

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. UBS Group boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $614.85.

S&P Global Profile

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.