Aureus Asset Management LLC Sells 14,208 Shares of S&P Global Inc. (NYSE:SPGI)

Aureus Asset Management LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 16.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,014 shares of the business services provider’s stock after selling 14,208 shares during the quarter. S&P Global accounts for 2.4% of Aureus Asset Management LLC’s portfolio, making the stock its 16th biggest holding. Aureus Asset Management LLC’s holdings in S&P Global were worth $36,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SPGI. EverSource Wealth Advisors LLC boosted its holdings in S&P Global by 16.7% in the first quarter. EverSource Wealth Advisors LLC now owns 434 shares of the business services provider’s stock worth $181,000 after acquiring an additional 62 shares in the last quarter. Quent Capital LLC boosted its holdings in S&P Global by 12.1% in the second quarter. Quent Capital LLC now owns 1,068 shares of the business services provider’s stock worth $476,000 after acquiring an additional 115 shares in the last quarter. Mather Group LLC. boosted its holdings in S&P Global by 0.8% in the second quarter. Mather Group LLC. now owns 5,596 shares of the business services provider’s stock worth $2,381,000 after acquiring an additional 43 shares in the last quarter. Fulton Bank N.A. boosted its holdings in S&P Global by 21.9% in the second quarter. Fulton Bank N.A. now owns 1,154 shares of the business services provider’s stock worth $515,000 after acquiring an additional 207 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its holdings in S&P Global by 7.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 1,128 shares of the business services provider’s stock worth $503,000 after acquiring an additional 81 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $522.51 on Monday. The stock has a market cap of $162.13 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. 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 one year low of $407.69 and a one year high of $533.29. The stock has a fifty day moving average of $509.21 and a 200 day moving average of $485.71.

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

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Wall Street Analyst Weigh In

Several research firms have commented on SPGI. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Oppenheimer upped their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Morgan Stanley upped their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, BMO Capital Markets lowered their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $571.31.

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.