Waldron Private Wealth LLC Has $715,000 Holdings in S&P Global Inc. $SPGI

Waldron Private Wealth LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,356 shares of the business services provider’s stock after selling 40 shares during the quarter. Waldron Private Wealth LLC’s holdings in S&P Global were worth $715,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Stegent Equity Advisors Inc. lifted its stake in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after buying an additional 20 shares during the period. Foster Group Inc. lifted its stake in S&P Global by 0.9% in the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 20 shares during the period. Quent Capital LLC raised its position in shares of S&P Global by 1.9% during the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock worth $571,000 after purchasing an additional 20 shares during the period. Finally, Integrated Investment Consultants LLC raised its position in shares of S&P Global by 2.8% during the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after purchasing an additional 21 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 1.3%

Shares of NYSE SPGI opened at $489.02 on Friday. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business has a 50-day simple moving average of $514.03 and a two-hundred day simple moving average of $514.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $149.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results 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 business had revenue of $1.87 billion during the quarter. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Barclays raised their target price on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average price target of $614.23.

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.