S&P Global Inc. $SPGI Shares Sold by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 969 shares of the business services provider’s stock after selling 103 shares during the quarter. Atlas Legacy Advisors LLC’s holdings in S&P Global were worth $511,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SPGI. Emerald Advisers LLC boosted its position in shares of S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after buying an additional 18 shares during the period. Fullcircle Wealth LLC lifted its position in shares of S&P Global by 1.0% in the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after buying an additional 18 shares during the last quarter. Stegent Equity Advisors Inc. raised its position in shares of S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock valued at $335,000 after purchasing an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC lifted its position in shares of S&P Global by 0.7% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock worth $1,453,000 after purchasing an additional 20 shares during the last quarter. Finally, Foster Group Inc. grew its holdings in S&P Global by 0.9% in the 2nd quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 1.4%

SPGI opened at $489.95 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. 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 stock has a fifty day moving average of $503.10 and a 200-day moving average of $515.85. The company has a market capitalization of $148.36 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion during the quarter. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research reports. Wells Fargo & Company upped their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Morgan Stanley raised their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Evercore ISI raised their price target on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $538.00 price objective on shares of S&P Global in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.