Integrated Wealth Concepts LLC Sells 71 Shares of S&P Global Inc. (NYSE:SPGI)

Integrated Wealth Concepts LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,976 shares of the business services provider’s stock after selling 71 shares during the period. Integrated Wealth Concepts LLC’s holdings in S&P Global were worth $2,054,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. First National Corp MA ADV boosted its stake in S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 20 shares during the period. Kathleen S. Wright Associates Inc. boosted its stake in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares during the period. Trust Point Inc. lifted its stake in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares during the last quarter. Sapient Capital LLC lifted its stake in S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares during the last quarter. Finally, Chatham Capital Group Inc. lifted its stake in S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Oppenheimer lifted their price target on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Barclays lifted their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Wells Fargo & Company boosted their target price on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Up 0.5 %

SPGI opened at $516.31 on Friday. The business has a 50 day simple moving average of $509.41 and a two-hundred day simple moving average of $487.26. The firm has a market capitalization of $160.21 billion, a price-to-earnings ratio of 45.57, a PEG ratio of 2.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 EPS. Analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

About S&P Global

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.