Axxcess Wealth Management LLC Has $552,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Axxcess Wealth Management LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,253 shares of the business services provider’s stock after selling 443 shares during the period. Axxcess Wealth Management LLC’s holdings in S&P Global were worth $552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its holdings in shares of S&P Global by 16.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,304 shares of the business services provider’s stock valued at $476,000 after buying an additional 188 shares during the period. NBT Bank N A NY increased its holdings in shares of S&P Global by 153.2% in the third quarter. NBT Bank N A NY now owns 5,128 shares of the business services provider’s stock worth $1,874,000 after acquiring an additional 3,103 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of S&P Global by 7.1% during the third quarter. Chicago Partners Investment Group LLC now owns 1,076 shares of the business services provider’s stock worth $377,000 after purchasing an additional 71 shares during the period. Catalyst Financial Partners LLC raised its position in shares of S&P Global by 11.6% during the third quarter. Catalyst Financial Partners LLC now owns 949 shares of the business services provider’s stock worth $347,000 after purchasing an additional 99 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in shares of S&P Global by 9.8% in the 3rd quarter. AustralianSuper Pty Ltd now owns 597,187 shares of the business services provider’s stock valued at $218,218,000 after purchasing an additional 53,085 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7 %

SPGI stock opened at $428.56 on Wednesday. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The company has a market cap of $134.10 billion, a price-to-earnings ratio of 48.04, a P/E/G ratio of 2.37 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $422.49 and a two-hundred day moving average price of $420.97.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share 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 business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. Analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $3.64 annualized dividend and a yield of 0.85%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Raymond James raised their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Barclays increased their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Stifel Nicolaus boosted their price target on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Oppenheimer increased their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $462.60.

Insider Buying and Selling

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.