S&P Global Inc. $SPGI Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. has reduced its stake in S&P Global Inc. by 57.8%, owning 4,622 shares worth approximately $2.4 million after selling 6,326 shares in the second quarter.
• Wall Street analysts have generally given S&P Global an optimistic outlook, with several increasing their price targets and a consensus rating of "Buy."
• S&P Global recently announced a quarterly dividend of $0.96 per share, which will be paid on December 10th, representing a 0.8% yield.

Atria Wealth Solutions Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 57.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,622 shares of the business services provider's stock after selling 6,326 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in S&P Global were worth $2,437,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cheviot Value Management LLC acquired a new stake in S&P Global in the first quarter worth about $26,000. Costello Asset Management INC acquired a new stake in S&P Global in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global in the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, October 9th. Seaport Res Ptn raised shares of S&P Global to a "strong-buy" rating in a report on Wednesday, October 1st. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, September 19th. BMO Capital Markets upped their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $615.69.

S&P Global Price Performance

NYSE SPGI opened at $482.74 on Thursday. The company has a market cap of $147.38 billion, a PE ratio of 37.13, a PEG ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average price is $525.15 and its two-hundred day moving average price is $513.76.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.