Sequoia Financial Advisors LLC Has $1.98 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Sequoia Financial Advisors LLC lessened its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 35.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,659 shares of the business services provider’s stock after selling 2,534 shares during the period. Sequoia Financial Advisors LLC’s holdings in S&P Global were worth $1,982,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janney Capital Management LLC raised its holdings in S&P Global by 2.7% during the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after buying an additional 461 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of S&P Global by 15.7% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares during the period. Citizens Financial Group Inc. RI increased its holdings in shares of S&P Global by 54.2% in the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after purchasing an additional 1,115 shares during the period. Finally, Handelsinvest Investeringsforvaltning acquired a new position in shares of S&P Global in the 4th quarter valued at about $1,644,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.9 %

Shares of S&P Global stock opened at $453.27 on Friday. The stock has a market capitalization of $141.83 billion, a P/E ratio of 50.82, a PEG ratio of 2.52 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $434.94 and a two-hundred day moving average price of $432.22. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16.

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S&P Global (NYSE:SPGI – Get Free Report) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Equities analysts expect that S&P Global Inc. will post 14.12 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.80%. S&P Global’s dividend payout ratio is 40.81%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a report on Friday. Oppenheimer upped their target price on S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a report on Monday, July 1st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. BMO Capital Markets increased their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $477.89.

View Our Latest Analysis on S&P Global

About S&P Global

(Free Report)

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.