Ellevest Inc. Cuts Stake in S&P Global Inc. $SPGI

Ellevest Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,838 shares of the business services provider’s stock after selling 157 shares during the period. Ellevest Inc.’s holdings in S&P Global were worth $1,496,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SPGI. Cheviot Value Management LLC purchased a new stake in shares of S&P Global in the first quarter worth $26,000. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the second quarter valued at $26,000. CBIZ Investment Advisory Services LLC raised its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the last quarter. Finally, eCIO Inc. bought a new position in S&P Global during the 1st quarter valued at about $32,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.5%

SPGI stock opened at $499.59 on Wednesday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The business’s 50-day moving average is $505.31 and its two-hundred day moving average is $516.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $152.53 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted 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 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion for the quarter. As a group, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPGI. BMO Capital Markets reaffirmed an “outperform” rating and set a $538.00 price target on shares of S&P Global in a report on Friday. Morgan Stanley raised their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Stifel Nicolaus dropped their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $612.38.

S&P Global Profile

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.