Cordatus Wealth Management LLC Lowers Stock Position in S&P Global Inc. (NYSE:SPGI)

Cordatus Wealth Management LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,550 shares of the business services provider’s stock after selling 74 shares during the period. Cordatus Wealth Management LLC’s holdings in S&P Global were worth $2,312,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPGI. Stegent Equity Advisors Inc. grew its position 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 acquiring an additional 20 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in S&P Global by 2.8% during the 1st quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock valued at $387,000 after purchasing an additional 21 shares in the last quarter. Retirement Planning Group LLC increased its stake in S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider’s stock worth $2,870,000 after buying an additional 22 shares during the period. Burford Brothers Inc. lifted its holdings in S&P Global by 2.8% in the 1st quarter. Burford Brothers Inc. now owns 794 shares of the business services provider’s stock worth $403,000 after buying an additional 22 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in S&P Global by 1.8% in the 1st quarter. Proficio Capital Partners LLC now owns 1,266 shares of the business services provider’s stock worth $643,000 after buying an additional 22 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE SPGI opened at $530.33 on Thursday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The business’s fifty day moving average is $519.19 and its two-hundred day moving average is $508.18. The stock has a market capitalization of $162.65 billion, a P/E ratio of 41.66, a P/E/G ratio of 2.56 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm earned $4.01 earnings per share. S&P Global’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global’s payout ratio is 30.16%.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on SPGI. JPMorgan Chase & Co. boosted 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. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Stifel Nicolaus cut their target price on S&P Global from $629.00 to $603.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird decreased their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company lifted their price target on shares of S&P Global from $627.00 to $632.00 and gave the stock an “overweight” rating in a research note on Thursday, July 3rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $601.07.

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.