Axxcess Wealth Management LLC Decreases Position in S&P Global Inc. (NYSE:SPGI)

Axxcess Wealth Management LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,253 shares of the business services provider’s stock after selling 443 shares during the quarter. Axxcess Wealth Management LLC’s holdings in S&P Global were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Valued Wealth Advisors LLC acquired a new stake in S&P Global in the fourth quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group lifted its stake in S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the last quarter. Fortis Group Advisors LLC acquired a new position in S&P Global in the third quarter valued at approximately $33,000. LFA Lugano Financial Advisors SA increased its stake in S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in shares of S&P Global during the 3rd quarter worth approximately $35,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $428.56 on Wednesday. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The company has a 50 day moving average price of $422.49 and a 200 day moving average price of $420.97. The firm has a market capitalization of $134.10 billion, a price-to-earnings ratio of 48.04, a price-to-earnings-growth ratio of 2.37 and a beta of 1.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Sell-side analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $3.64 annualized dividend and a dividend yield of 0.85%. S&P Global’s payout ratio is 40.81%.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer upped their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus upped their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

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.