Linscomb Wealth Inc. Sells 123 Shares of S&P Global Inc. (NYSE:SPGI)

Linscomb Wealth Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 836 shares of the business services provider’s stock after selling 123 shares during the quarter. Linscomb Wealth Inc.’s holdings in S&P Global were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in S&P Global by 107.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after purchasing an additional 2,962 shares during the period. Quadrature Capital Ltd bought a new stake in shares of S&P Global in the first quarter valued at approximately $2,236,000. O Shaughnessy Asset Management LLC grew its position in S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after buying an additional 6,162 shares in the last quarter. Nwam LLC increased its stake in S&P Global by 45.5% during the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after acquiring an additional 326 shares during the period. Finally, GDS Wealth Management raised its holdings in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after acquiring an additional 1,801 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE SPGI opened at $503.29 on Friday. The company has a market capitalization of $156.17 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.61 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $401.79 and a twelve month high of $533.29. The stock has a fifty day simple moving average of $510.47 and a 200 day simple moving average of $478.74.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent analyst reports. BMO Capital Markets cut their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer raised their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Company 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.