NewEdge Wealth LLC Has $807,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

NewEdge Wealth LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,831 shares of the business services provider’s stock after selling 186 shares during the quarter. NewEdge Wealth LLC’s holdings in S&P Global were worth $807,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Fidelis Capital Partners LLC raised its stake in S&P Global by 18.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after buying an additional 220 shares during the period. Arkadios Wealth Advisors raised its stake in S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after buying an additional 87 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in S&P Global in the fourth quarter valued at approximately $1,644,000. Aspiriant LLC bought a new stake in S&P Global in the fourth quarter valued at approximately $398,000. Finally, Westfield Capital Management Co. LP raised its stake in S&P Global by 12.1% in the third quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after buying an additional 20,153 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.2 %

Shares of NYSE:SPGI opened at $408.57 on Wednesday. The company has a market capitalization of $130.85 billion, a P/E ratio of 49.64, a P/E/G ratio of 2.32 and a beta of 1.15. S&P Global Inc. has a 1 year low of $338.92 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50 day simple moving average is $426.65 and its 200 day simple moving average is $415.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 EPS. On average, research analysts anticipate that S&P Global Inc. will post 14.02 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is currently 44.23%.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Barclays upped their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. BMO Capital Markets increased their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Oppenheimer reiterated an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $464.22.

About S&P Global

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.