Avior Wealth Management LLC Has $111,000 Stake in S&P Global Inc. (NYSE:SPGI)

Avior Wealth Management LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 26.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 252 shares of the business services provider’s stock after selling 92 shares during the period. Avior Wealth Management LLC’s holdings in S&P Global were worth $111,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global during the 3rd quarter worth about $25,000. Valued Wealth Advisors LLC bought a new position in shares of S&P Global during the 4th quarter worth about $28,000. Harbour Investments Inc. lifted its holdings in S&P Global by 45.8% during the 3rd quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 27 shares during the last quarter. Fortis Group Advisors LLC bought a new position in S&P Global during the 3rd quarter valued at about $33,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Oppenheimer reissued an “outperform” rating and set a $480.00 price target on shares of S&P Global in a report on Tuesday, April 2nd. Raymond James lifted their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Stifel Nicolaus cut their price target on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a report on Thursday. Finally, Barclays raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $462.00.

View Our Latest Stock Report on SPGI

S&P Global Stock Down 0.2 %

Shares of NYSE:SPGI opened at $412.56 on Friday. S&P Global Inc. has a one year low of $338.92 and a one year high of $461.16. The company has a 50 day moving average of $424.73 and a 200-day moving average of $415.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $132.13 billion, a price-to-earnings ratio of 50.13, a P/E/G ratio of 2.33 and a beta of 1.15.

S&P Global (NYSE:SPGIGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm earned $2.54 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 14.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date was Monday, February 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.88%. S&P Global’s payout ratio is currently 44.23%.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were 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 owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

S&P Global Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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