S&P Global Inc. (NYSE:SPGI) Shares Sold by Virtu Financial LLC

Virtu Financial LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 31.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,769 shares of the business services provider’s stock after selling 3,069 shares during the period. Virtu Financial LLC’s holdings in S&P Global were worth $2,982,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Private Wealth Management Group LLC purchased a new stake in S&P Global in the fourth quarter valued at $26,000. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global in the fourth quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group grew its holdings in S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares during the period. Fortis Group Advisors LLC purchased a new position in S&P Global during the third quarter valued at approximately $33,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus increased their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Oppenheimer boosted their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, May 24th. Finally, Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Trading Down 0.6 %

Shares of SPGI stock traded down $2.79 on Friday, hitting $434.40. The stock had a trading volume of 789,413 shares, compared to its average volume of 975,415. The company’s 50 day moving average price is $426.86 and its 200-day moving average price is $430.22. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The firm has a market capitalization of $135.92 billion, a P/E ratio of 48.70, a P/E/G ratio of 2.41 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

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

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.84%. The ex-dividend date was Wednesday, May 29th. S&P Global’s dividend payout ratio (DPR) is presently 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.