Sigma Planning Corp Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Sigma Planning Corp lowered its stake in S&P Global Inc. (NYSE:SPGI) by 32.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,268 shares of the business services provider’s stock after selling 620 shares during the period. Sigma Planning Corp’s holdings in S&P Global were worth $655,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SPGI. HWG Holdings LP purchased a new position in shares of S&P Global in the second quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global during the 3rd quarter valued at about $27,000. Sachetta LLC increased its holdings in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services purchased a new position in S&P Global during the 3rd quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in S&P Global during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SPGI shares. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Barclays boosted their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Wells Fargo & Company lifted their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Performance

Shares of SPGI opened at $510.64 on Friday. 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 business’s 50 day moving average price is $510.74 and its 200-day moving average price is $477.90. S&P Global Inc. has a 52 week low of $401.58 and a 52 week high of $533.29. The stock has a market cap of $158.45 billion, a P/E ratio of 45.07, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 EPS. Equities research analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) 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.