Sigma Planning Corp Decreases Holdings in S&P Global Inc. (NYSE:SPGI)

Sigma Planning Corp cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 32.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,268 shares of the business services provider’s stock after selling 620 shares during the quarter. Sigma Planning Corp’s holdings in S&P Global were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. First National Corp MA ADV raised its stake in 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 buying an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. raised its stake in 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 buying an additional 20 shares during the last quarter. Trust Point Inc. raised its stake in 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 valued at $725,000 after buying an additional 20 shares during the last quarter. Sapient Capital LLC raised its stake in S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after buying an additional 21 shares during the last quarter. Finally, Chatham Capital Group Inc. raised its stake in 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 valued at $2,007,000 after buying an additional 21 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.1 %

SPGI opened at $510.64 on Friday. The firm has a 50-day simple moving average of $510.74 and a two-hundred day simple moving average of $477.90. S&P Global Inc. has a 52 week low of $401.58 and a 52 week high of $533.29. The company has a market capitalization of $158.45 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.57 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 (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating 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 the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal 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 issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPGI shares. JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. BMO Capital Markets reduced their price objective 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. Royal Bank of Canada upped their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, UBS Group upped their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.