TrinityPoint Wealth LLC Sells 143 Shares of S&P Global Inc. (NYSE:SPGI)

TrinityPoint Wealth LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 7.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,719 shares of the business services provider’s stock after selling 143 shares during the period. TrinityPoint Wealth LLC’s holdings in S&P Global were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First National Corp MA ADV lifted its position in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares during the period. Kathleen S. Wright Associates Inc. lifted its position in shares of S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 20 shares during the period. Trust Point Inc. lifted its position in shares of S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the last quarter. Sapient Capital LLC lifted its position in shares of S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after buying an additional 21 shares during the last quarter. Finally, Chatham Capital Group Inc. lifted its position in shares of S&P Global by 0.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after buying an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $503.00 on Tuesday. The company has a market capitalization of $156.08 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a twelve month low of $407.53 and a twelve month high of $533.29. The stock has a fifty day simple moving average of $510.21 and a 200 day simple moving average of $480.23. 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 (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SPGI shares. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Finally, Royal Bank of Canada lifted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.