Atria Wealth Solutions Inc. Sells 571 Shares of S&P Global Inc. (NYSE:SPGI)

Atria Wealth Solutions Inc. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,948 shares of the business services provider's stock after selling 571 shares during the period. Atria Wealth Solutions Inc.'s holdings in S&P Global were worth $5,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. GAMMA Investing LLC increased its position in S&P Global by 60,982.3% in the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock worth $1,086,877,000 after purchasing an additional 2,135,599 shares during the last quarter. Northern Trust Corp increased its position in S&P Global by 19.1% in the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in S&P Global in the fourth quarter worth $238,503,000. BlueSpruce Investments LP bought a new stake in S&P Global in the fourth quarter worth $178,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in S&P Global by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after purchasing an additional 357,790 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $562.19 on Thursday. The company has a market capitalization of $171.64 billion, a PE ratio of 43.25, a P/E/G ratio of 3.01 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.98. The company has a 50-day simple moving average of $523.64 and a two-hundred day simple moving average of $510.33. S&P Global Inc. has a one year low of $427.14 and a one year high of $566.13.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the company posted $4.04 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global's dividend payout ratio is 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. Wells Fargo & Company boosted their price target on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Barclays lifted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Bank of America started coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Finally, Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $611.69.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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