Corient Private Wealth LLC Sells 16,409 Shares of S&P Global Inc. $SPGI

Corient Private Wealth LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 627,531 shares of the business services provider’s stock after selling 16,409 shares during the period. Corient Private Wealth LLC owned approximately 0.21% of S&P Global worth $330,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of S&P Global by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,393 shares of the business services provider’s stock worth $708,000 after buying an additional 264 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in S&P Global by 3.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 37,592 shares of the business services provider’s stock valued at $19,101,000 after buying an additional 1,264 shares during the last quarter. Northwest & Ethical Investments L.P. raised its position in S&P Global by 73.7% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 15,555 shares of the business services provider’s stock valued at $7,903,000 after buying an additional 6,602 shares during the last quarter. Finally, George Kaiser Family Foundation bought a new stake in S&P Global in the 1st quarter valued at approximately $279,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE:SPGI opened at $500.95 on Monday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The firm has a market capitalization of $151.69 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 2.60 and a beta of 1.19. The stock’s 50 day moving average price is $490.15 and its two-hundred day moving average price is $514.67. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

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 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion for the quarter. On average, analysts anticipate 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 was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were given a $0.96 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SPGI shares. Morgan Stanley increased their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. dropped their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, S&P Global currently has a consensus 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.