Schechter Investment Advisors LLC Has $1.49 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Schechter Investment Advisors LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 20.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,925 shares of the business services provider's stock after selling 772 shares during the period. Schechter Investment Advisors LLC's holdings in S&P Global were worth $1,486,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of S&P Global by 4.7% during the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after acquiring an additional 143 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of S&P Global by 3.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 74,479 shares of the business services provider's stock worth $37,093,000 after acquiring an additional 2,413 shares during the period. GHE LLC boosted its holdings in shares of S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider's stock worth $6,725,000 after acquiring an additional 274 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of S&P Global by 42.8% during the fourth quarter. Proficio Capital Partners LLC now owns 1,244 shares of the business services provider's stock worth $619,000 after acquiring an additional 373 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of S&P Global by 1.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 51,480 shares of the business services provider's stock worth $25,639,000 after acquiring an additional 864 shares during the period. Institutional investors own 87.17% of the company's stock.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president directly owned 5,131 shares in the company, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SPGI shares. UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. reduced their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus cut their price target on 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. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $596.79.

S&P Global Stock Down 0.5%

NYSE SPGI opened at $527.05 on Monday. The business has a fifty day moving average price of $515.64 and a two-hundred day moving average price of $505.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The stock has a market capitalization of $161.65 billion, a PE ratio of 41.40, a PEG ratio of 2.56 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the prior year, the company earned $4.01 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is 30.16%.

About S&P Global

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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