Kingsview Wealth Management LLC Sells 1,361 Shares of S&P Global Inc. (NYSE:SPGI)

Kingsview Wealth Management LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 6.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,733 shares of the business services provider’s stock after selling 1,361 shares during the quarter. Kingsview Wealth Management LLC’s holdings in S&P Global were worth $10,711,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SPGI. Swedbank AB acquired a new stake in S&P Global in the first quarter worth about $351,774,000. International Assets Investment Management LLC increased its position in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in S&P Global in the third quarter worth about $224,976,000. Assenagon Asset Management S.A. grew its position in shares of S&P Global by 352.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after buying an additional 360,909 shares during the period. Finally, Third Point LLC acquired a new position in shares of S&P Global during the 1st quarter worth about $142,526,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SPGI shares. BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company boosted 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. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, UBS Group boosted 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 issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Trading Up 0.6 %

NYSE SPGI opened at $514.37 on Friday. The stock has a market capitalization of $159.61 billion, a price-to-earnings ratio of 45.40, a PEG ratio of 2.61 and a beta of 1.18. The stock’s 50 day moving average price is $509.35 and its two-hundred day moving average price is $481.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

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.