Howe & Rusling Inc. Sells 134 Shares of S&P Global Inc. (NYSE:SPGI)

Howe & Rusling Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,228 shares of the business services provider’s stock after selling 134 shares during the period. Howe & Rusling Inc.’s holdings in S&P Global were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of S&P Global by 107.2% during 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 acquiring an additional 2,962 shares during the period. Quadrature Capital Ltd bought a new stake in S&P Global during the first quarter worth about $2,236,000. GDS Wealth Management grew its stake in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in S&P Global by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after buying an additional 1,405 shares during the period. Finally, BDF Gestion acquired a new position in shares of S&P Global in the 2nd quarter valued at approximately $4,419,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.1 %

NYSE SPGI opened at $502.31 on Wednesday. S&P Global Inc. has a 1 year low of $407.53 and a 1 year high of $533.29. The stock has a market capitalization of $155.87 billion, a PE ratio of 44.33, a PEG ratio of 2.57 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. The business’s 50-day moving average is $509.86 and its 200 day moving average is $480.77.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the business earned $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. 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. BMO Capital Markets dropped their target price 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. UBS Group raised their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus 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.