Spartan Planning & Wealth Management Has $62,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Spartan Planning & Wealth Management lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 46.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 140 shares of the business services provider’s stock after selling 120 shares during the quarter. Spartan Planning & Wealth Management’s holdings in S&P Global were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPGI. Norges Bank acquired a new stake in S&P Global during the 4th quarter worth $1,652,862,000. Wellington Management Group LLP grew its holdings in S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares during the period. Capital International Investors grew its holdings in S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after acquiring an additional 616,732 shares during the period. Morgan Stanley grew its holdings in S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after acquiring an additional 428,737 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in S&P Global by 42.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock worth $377,630,000 after acquiring an additional 309,123 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, May 24th. BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Stifel Nicolaus upped their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $467.89.

S&P Global Trading Down 0.3 %

S&P Global stock opened at $433.30 on Tuesday. The firm has a 50-day moving average of $426.84 and a 200-day moving average of $430.46. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $135.58 billion, a price-to-earnings ratio of 48.58, a P/E/G ratio of 2.41 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. On average, equities analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.84%. S&P Global’s dividend payout ratio is 40.81%.

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.