Capital A Wealth Management LLC Sells 1,015 Shares of S&P Global Inc. $SPGI

Capital A Wealth Management LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 92.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88 shares of the business services provider’s stock after selling 1,015 shares during the quarter. Capital A Wealth Management LLC’s holdings in S&P Global were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Avantax Advisory Services Inc. boosted its position in shares of S&P Global by 4.1% during the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after buying an additional 850 shares during the period. Divergent Planning LLC acquired a new position in S&P Global during the 2nd quarter worth approximately $303,000. Vanguard Group Inc. grew its stake in shares of S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after acquiring an additional 315,916 shares in the last quarter. Ninety One UK Ltd raised its holdings in shares of S&P Global by 0.8% in the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after purchasing an additional 7,553 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Mizuho lifted their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. BMO Capital Markets set a $546.00 target price on S&P Global in a research report on Friday, November 14th. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company boosted their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $613.00.

S&P Global Price Performance

Shares of NYSE SPGI opened at $500.95 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $490.15 and its two-hundred day moving average price is $514.67. The company has a market cap of $151.69 billion, a PE ratio of 36.43, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

About S&P Global

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.