Concord Wealth Partners Sells 1,193 Shares of S&P Global Inc. (NYSE:SPGI)

Concord Wealth Partners lowered its position in S&P Global Inc. (NYSE:SPGI) by 62.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 727 shares of the business services provider’s stock after selling 1,193 shares during the period. Concord Wealth Partners’ holdings in S&P Global were worth $320,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Valued Wealth Advisors LLC purchased a new position in S&P Global during the fourth quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of 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 valued at $28,000 after purchasing an additional 25 shares in the last quarter. LFA Lugano Financial Advisors SA increased its holdings in shares of 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 worth $33,000 after purchasing an additional 50 shares during the last quarter. MCF Advisors LLC lifted its position in shares of S&P Global by 141.7% in the fourth quarter. MCF Advisors LLC now owns 87 shares of the business services provider’s stock worth $38,000 after buying an additional 51 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in S&P Global during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SPGI shares. BMO Capital Markets raised their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Raymond James upped their price objective on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. 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. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Trading Up 0.1 %

Shares of S&P Global stock opened at $416.20 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $461.16. The firm’s 50-day moving average price is $423.26 and its 200 day moving average price is $418.76. The firm has a market capitalization of $130.23 billion, a PE ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.14.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, sell-side analysts predict that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, May 29th. This represents a $3.64 annualized dividend and a yield of 0.87%. S&P Global’s dividend payout ratio is 40.81%.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

About S&P Global

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.