S&P Global Inc. $SPGI Stock Holdings Trimmed by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842 shares of the business services provider’s stock after selling 23 shares during the period. FSM Wealth Advisors LLC’s holdings in S&P Global were worth $447,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Valeo Financial Advisors LLC raised its stake in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. Nuveen LLC bought a new stake in S&P Global during the 1st quarter valued at $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of S&P Global by 70.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after buying an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after buying an additional 614,809 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of S&P Global by 37.9% in the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after buying an additional 210,373 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.6%

Shares of S&P Global stock opened at $482.60 on Friday. The stock’s fifty day moving average is $515.37 and its 200-day moving average is $513.48. The firm has a market capitalization of $147.34 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. 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 12-month low of $427.14 and a 12-month high of $579.05.

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

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given 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 dividend yield of 0.8%. S&P Global’s payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets dropped their price objective on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research note on Thursday, October 16th. Wells Fargo & Company boosted their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. boosted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $614.23.

S&P Global Company 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.