Capital A Wealth Management LLC Sells 1,015 Shares of S&P Global Inc. $SPGI

Capital A Wealth Management LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 92.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88 shares of the business services provider’s stock after selling 1,015 shares during the quarter. Capital A Wealth Management LLC’s holdings in S&P Global were worth $46,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Emerald Advisers LLC raised its stake 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 valued at $480,000 after acquiring an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its position in S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC boosted its stake in S&P Global by 2.1% in the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after purchasing an additional 18 shares in the last quarter. Hamilton Capital LLC grew its holdings in shares of S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC increased its stake in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after buying an additional 19 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 0.7%

Shares of NYSE SPGI opened at $500.95 on Monday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market capitalization of $151.69 billion, a P/E ratio of 36.43, a P/E/G ratio of 2.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50 day simple moving average is $490.15 and its 200 day simple moving average is $514.67.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were paid a $0.96 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPGI. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Stifel Nicolaus decreased 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 research note on Friday, October 31st. Wells Fargo & Company boosted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Citigroup upped their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Morgan Stanley increased their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned 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 $613.00.

About S&P Global

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.