Atria Investments Inc Sells 745 Shares of S&P Global Inc. (NYSE:SPGI)

Atria Investments Inc lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,139 shares of the business services provider's stock after selling 745 shares during the quarter. Atria Investments Inc's holdings in S&P Global were worth $14,512,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB lifted its position in shares of S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock valued at $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC lifted its holdings in S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after purchasing an additional 28 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in S&P Global by 4,600.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 141 shares of the business services provider's stock worth $73,000 after purchasing an additional 138 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of S&P Global by 20.8% in the third quarter. Chicago Partners Investment Group LLC now owns 1,345 shares of the business services provider's stock worth $687,000 after purchasing an additional 232 shares in the last quarter. Finally, KG&L Capital Management LLC bought a new stake in shares of S&P Global in the third quarter valued at approximately $307,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

NYSE SPGI traded up $6.46 during trading hours on Wednesday, reaching $523.27. 1,645,571 shares of the stock traded hands, compared to its average volume of 1,144,573. The stock has a 50 day simple moving average of $514.96 and a two-hundred day simple moving average of $511.46. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $161.06 billion, a price-to-earnings ratio of 42.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the business posted $3.13 earnings per share. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 31.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SPGI shares. Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $590.23.

S&P Global Company 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.