Claro Advisors LLC Lowers Stock Position in S&P Global Inc. (NYSE:SPGI)

Claro Advisors LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,030 shares of the business services provider’s stock after selling 91 shares during the period. Claro Advisors LLC’s holdings in S&P Global were worth $1,049,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares during the period. Quadrature Capital Ltd purchased a new position in S&P Global in the first quarter worth approximately $2,236,000. O Shaughnessy Asset Management LLC lifted its stake in S&P Global by 21.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after acquiring an additional 6,162 shares during the last quarter. GDS Wealth Management lifted its position in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of S&P Global by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock worth $13,386,000 after buying an additional 1,405 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPGI shares. Robert W. Baird upped their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

Shares of NYSE SPGI opened at $503.29 on Monday. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29. The firm’s 50-day simple moving average is $510.47 and its 200 day simple moving average is $479.62. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $156.17 billion, a P/E ratio of 44.42, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.21 earnings per share. Equities analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s payout ratio is presently 32.13%.

S&P Global Company 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.