Corient Private Wealth LLC Has $330.89 Million Stake in S&P Global Inc. $SPGI

Corient Private Wealth LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.5% during the second quarter, Holdings Channel.com reports. The firm owned 627,531 shares of the business services provider’s stock after selling 16,409 shares during the quarter. Corient Private Wealth LLC’s holdings in S&P Global were worth $330,890,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SPGI. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global during the 2nd quarter worth $26,000. MTM Investment Management LLC bought a new stake in shares of S&P Global in the second quarter valued at about $27,000. CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares in the last quarter. eCIO Inc. bought a new position in S&P Global during the first quarter worth about $32,000. Finally, Activest Wealth Management increased its position in S&P Global by 3,250.0% during the first quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock worth $34,000 after acquiring an additional 65 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SPGI shares. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Morgan Stanley increased their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Evercore ISI lifted their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company increased their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $613.00.

S&P Global Stock Up 0.7%

Shares of SPGI opened at $500.95 on Monday. The firm has a 50 day simple moving average of $490.15 and a two-hundred day simple moving average of $514.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a market cap of $151.69 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.60 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $1.87 billion for the quarter. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is presently 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.