Legacy Capital Wealth Partners LLC Sells 1,875 Shares of S&P Global Inc. (NYSE:SPGI)

Legacy Capital Wealth Partners LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 52.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,700 shares of the business services provider's stock after selling 1,875 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in S&P Global were worth $846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC boosted its stake in S&P Global by 163.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 224 shares of the business services provider's stock valued at $116,000 after purchasing an additional 139 shares during the period. Creative Planning lifted its holdings in shares of S&P Global by 13.0% during the third quarter. Creative Planning now owns 51,561 shares of the business services provider's stock worth $26,638,000 after buying an additional 5,913 shares during the last quarter. Swedbank AB boosted its position in shares of S&P Global by 11.8% in the third quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock valued at $450,280,000 after acquiring an additional 92,115 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of S&P Global by 6.1% in the third quarter. Cornerstone Wealth Management LLC now owns 923 shares of the business services provider's stock worth $477,000 after acquiring an additional 53 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in S&P Global by 13.2% during the third quarter. Global Retirement Partners LLC now owns 1,224 shares of the business services provider's stock worth $632,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a report on Monday, October 28th. Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. UBS Group raised their price objective on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $590.23.

S&P Global Price Performance

Shares of SPGI traded down $1.16 during trading hours on Wednesday, hitting $542.61. The stock had a trading volume of 1,745,125 shares, compared to its average volume of 1,362,022. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a market capitalization of $167.02 billion, a price-to-earnings ratio of 43.94, a P/E/G ratio of 2.42 and a beta of 1.20. The company's fifty day moving average is $508.53 and its two-hundred day moving average is $508.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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

S&P Global Increases Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global's dividend payout ratio (DPR) is 29.47%.

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.