Vestmark Advisory Solutions Inc. Lowers Holdings in S&P Global Inc. $SPGI

Vestmark Advisory Solutions Inc. lowered its position in S&P Global Inc. (NYSE:SPGI) by 53.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,968 shares of the business services provider’s stock after selling 2,261 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in S&P Global were worth $1,038,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. Costello Asset Management INC bought a new position in shares of S&P Global during the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global in the second quarter worth about $26,000. CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Finally, eCIO Inc. bought a new position in S&P Global during the 1st quarter worth about $32,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.6%

NYSE:SPGI opened at $493.43 on Tuesday. The stock has a market capitalization of $149.41 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $500.94 and a 200 day moving average of $516.93.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 27.93%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SPGI. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Mizuho increased their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $612.38.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.