TD Private Client Wealth LLC Sells 199 Shares of S&P Global Inc. (NYSE:SPGI)

TD Private Client Wealth LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 11.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,610 shares of the business services provider’s stock after selling 199 shares during the period. TD Private Client Wealth LLC’s holdings in S&P Global were worth $802,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SPGI. Raymond James Financial Inc. bought a new stake in shares of S&P Global during the 4th quarter worth approximately $527,207,000. Proficio Capital Partners LLC raised its position in S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after acquiring an additional 618,620 shares in the last quarter. FMR LLC lifted its stake in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in S&P Global in the fourth quarter valued at $144,091,000. Finally, Wellington Management Group LLP grew its position in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE:SPGI opened at $497.62 on Monday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $513.85 and its 200 day simple moving average is $510.40. The firm has a market cap of $153.17 billion, a price-to-earnings ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 firm earned $3.13 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.77%. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

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.