TFB Advisors LLC Sells 34 Shares of S&P Global Inc. $SPGI

TFB Advisors LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 3.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 900 shares of the business services provider’s stock after selling 34 shares during the quarter. TFB Advisors LLC’s holdings in S&P Global were worth $475,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPGI. Brighton Jones LLC increased its position in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares in the last quarter. GAMMA Investing LLC increased its position in S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock worth $2,139,000 after buying an additional 708 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in S&P Global by 16.1% in the first quarter. Oppenheimer & Co. Inc. now owns 6,534 shares of the business services provider’s stock worth $3,320,000 after buying an additional 905 shares in the last quarter. Legacy Advisors LLC increased its position in S&P Global by 33.0% in the first quarter. Legacy Advisors LLC now owns 1,093 shares of the business services provider’s stock worth $555,000 after buying an additional 271 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in S&P Global by 4.8% in the first quarter. International Assets Investment Management LLC now owns 940 shares of the business services provider’s stock worth $478,000 after buying an additional 43 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.9%

SPGI opened at $479.55 on Thursday. The company has a market capitalization of $146.41 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The firm has a 50-day simple moving average of $517.00 and a two-hundred day simple moving average of $513.16. 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 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. 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 disclosed 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 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 payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SPGI shares. Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Morgan Stanley upped their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Mizuho upped their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. BMO Capital Markets reduced their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research report on Thursday, October 16th. Finally, Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus 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.