Avior Wealth Management LLC Sells 92 Shares of S&P Global Inc. (NYSE:SPGI)

Avior Wealth Management LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 26.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 252 shares of the business services provider’s stock after selling 92 shares during the quarter. Avior Wealth Management LLC’s holdings in S&P Global were worth $111,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP increased its holdings in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after buying an additional 881,215 shares during the period. Morgan Stanley increased its holdings in S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after buying an additional 428,737 shares during the period. Northern Trust Corp increased its holdings in S&P Global by 39.5% in the 1st quarter. Northern Trust Corp now owns 3,727,874 shares of the business services provider’s stock valued at $1,529,100,000 after buying an additional 1,056,097 shares during the period. Norges Bank bought a new position in S&P Global in the 4th quarter valued at about $1,112,935,000. Finally, Nuveen Asset Management LLC increased its holdings in S&P Global by 22.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,881,232 shares of the business services provider’s stock valued at $1,155,057,000 after buying an additional 533,417 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a report on Tuesday, April 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. Raymond James raised their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Barclays raised their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Stock Down 0.2 %

NYSE:SPGI opened at $412.56 on Friday. The company has a market cap of $132.13 billion, a PE ratio of 50.13, a P/E/G ratio of 2.33 and a beta of 1.15. S&P Global Inc. has a one year low of $338.92 and a one 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 firm’s 50 day simple moving average is $424.73 and its 200 day simple moving average is $415.99.

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 firm had revenue of $3.15 billion during 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 firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 EPS. On average, research analysts anticipate that S&P Global Inc. will post 14.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were given a $0.91 dividend. The ex-dividend date was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s payout ratio is 44.23%.

Insider Transactions at S&P Global

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

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.