B. Riley Wealth Advisors Inc. Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

B. Riley Wealth Advisors Inc. lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,359 shares of the business services provider’s stock after selling 264 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in S&P Global were worth $1,920,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $1,652,862,000. Wellington Management Group LLP raised its holdings in S&P Global by 13.2% in the third 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 acquiring an additional 881,215 shares in the last quarter. Capital International Investors raised its holdings in S&P Global by 12.6% in the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after acquiring an additional 616,732 shares in the last quarter. Morgan Stanley boosted its stake 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 valued at $2,067,807,000 after acquiring an additional 428,737 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in S&P Global by 35.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock worth $430,827,000 after acquiring an additional 308,683 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.6 %

Shares of NYSE SPGI opened at $435.85 on Wednesday. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The company has a market cap of $136.38 billion, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 2.41 and a beta of 1.15. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock’s 50 day simple moving average is $426.86 and its 200 day simple moving average is $430.56.

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

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.