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

Legacy Capital Wealth Partners LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 52.4% in the 4th quarter, according to the company in its most recent filing with the SEC. 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.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% during the third 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 in the last quarter. Geode Capital Management LLC increased its position in S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the period. FMR LLC increased its position in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in S&P Global by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after purchasing an additional 28,458 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of S&P Global by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after purchasing an additional 26,300 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock opened at $539.77 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm’s 50-day moving average is $507.39 and its 200 day moving average is $507.13. The stock has a market cap of $167.49 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the firm earned $3.13 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.71%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday. Evercore ISI raised their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, StockNews.com upgraded S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.92.

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.