Icon Wealth Advisors LLC Trims Stake in S&P Global Inc. (NYSE:SPGI)

Icon Wealth Advisors LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 64.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,240 shares of the business services provider’s stock after selling 2,243 shares during the quarter. Icon Wealth Advisors LLC’s holdings in S&P Global were worth $641,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SPGI. HWG Holdings LP purchased a new position in shares of S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global during the 3rd quarter valued at $27,000. Sachetta LLC boosted its holdings in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the period. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter valued at $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in S&P Global in the second quarter worth $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI stock opened at $514.46 on Friday. The firm has a 50-day simple moving average of $509.35 and a two-hundred day simple moving average of $482.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The firm has a market cap of $159.64 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $3.21 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 15.24 EPS 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 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

A number of analysts have recently issued reports on SPGI shares. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Oppenheimer boosted their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.