Tyche Wealth Partners LLC Sells 1,881 Shares of S&P Global Inc. (NYSE:SPGI)

Tyche Wealth Partners LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 75.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 617 shares of the business services provider’s stock after selling 1,881 shares during the quarter. Tyche Wealth Partners LLC’s holdings in S&P Global were worth $314,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of S&P Global during the 4th quarter worth approximately $1,725,084,000. GAMMA Investing LLC grew its holdings in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider’s stock worth $1,086,877,000 after purchasing an additional 2,135,599 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of S&P Global during the fourth quarter worth $527,207,000. Proficio Capital Partners LLC increased its position in shares of S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 0.3%

NYSE SPGI opened at $521.29 on Thursday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $159.88 billion, a PE ratio of 40.95, a P/E/G ratio of 2.55 and a beta of 1.20. The company has a fifty day moving average of $504.21 and a 200 day moving average of $503.51.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the firm posted $4.01 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s dividend payout ratio is presently 30.16%.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Robert W. Baird dropped their target price on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Finally, Bank of America started coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price target on the stock. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $592.71.

S&P Global 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.