Exencial Wealth Advisors LLC Sells 686 Shares of S&P Global Inc. (NYSE:SPGI)

Exencial Wealth Advisors LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 1.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,961 shares of the business services provider’s stock after selling 686 shares during the period. S&P Global accounts for about 0.8% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest position. Exencial Wealth Advisors LLC’s holdings in S&P Global were worth $22,195,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Capital International Investors lifted its holdings in shares of S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after buying an additional 291,712 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after buying an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares during the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of S&P Global by 2.1% during the first quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock worth $935,885,000 after buying an additional 46,131 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of S&P Global by 1.4% during the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after buying an additional 20,624 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $489.53 on Thursday. The business’s fifty day moving average price is $511.49 and its two-hundred day moving average price is $474.78. S&P Global Inc. has a fifty-two week low of $382.12 and a fifty-two week high of $533.29. The stock has a market capitalization of $151.90 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. 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 announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for 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%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.21 earnings per share. As a group, analysts predict that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is presently 32.13%.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. Oppenheimer upped their price target on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company upped their target price on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets cut their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Profile

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.