Nwam LLC Sells 74 Shares of S&P Global Inc. (NYSE:SPGI)

Nwam LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,049 shares of the business services provider’s stock after selling 74 shares during the quarter. Nwam LLC’s holdings in S&P Global were worth $542,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Legal & General Group Plc boosted its stake in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after purchasing an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock valued at $1,000,536,000 after purchasing an additional 26,300 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of S&P Global by 1.4% during the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after purchasing an additional 20,624 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of S&P Global by 4.3% during the second quarter. Mackenzie Financial Corp now owns 1,396,304 shares of the business services provider’s stock valued at $622,752,000 after purchasing an additional 57,159 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer lifted their target price 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. BMO Capital Markets dropped their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Two investment 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Up 0.6 %

Shares of S&P Global stock opened at $514.46 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $509.35 and its two-hundred day simple moving average is $482.51. The company has a market cap of $159.64 billion, a P/E ratio of 45.41, a PEG ratio of 2.61 and a beta of 1.18. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for 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%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.21 EPS. Research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

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

S&P Global Company 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.