Oppenheimer Asset Management Inc. Sells 2,036 Shares of S&P Global Inc. $SPGI

Oppenheimer Asset Management Inc. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,782 shares of the business services provider’s stock after selling 2,036 shares during the period. Oppenheimer Asset Management Inc.’s holdings in S&P Global were worth $32,577,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Divergent Planning LLC purchased a new stake in shares of S&P Global during the 2nd quarter worth approximately $303,000. Dynamic Advisor Solutions LLC lifted its stake in shares of S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after buying an additional 733 shares in the last quarter. SCS Capital Management LLC purchased a new stake in shares of S&P Global during the 1st quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC lifted its stake in shares of S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC purchased a new stake in shares of S&P Global during the 2nd quarter valued at approximately $975,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $489.02 on Friday. The firm’s fifty day moving average price is $514.03 and its 200-day moving average price is $514.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $149.30 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm 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%. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPGI. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. UBS Group increased their target price 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. Finally, Mizuho increased their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.