WealthPlan Investment Management LLC Sells 700 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• WealthPlan Investment Management LLC decreased its holdings in S&P Global Inc. by 7.8%, selling 700 shares during the 1st quarter, and now owns 8,246 shares valued at approximately $4.19 million.
• Analysts remain optimistic about S&P Global's prospects, with UBS and Barclays raising their price targets to $620, while Wells Fargo increased theirs to $660.
• S&P Global recently announced a quarterly dividend of $0.96 per share, reflecting a dividend yield of 0.7% and a payout ratio of 29.54%.

WealthPlan Investment Management LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,246 shares of the business services provider's stock after selling 700 shares during the period. WealthPlan Investment Management LLC's holdings in S&P Global were worth $4,190,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $25,000. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter worth approximately $26,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the fourth quarter valued at approximately $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the first quarter valued at approximately $28,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPGI. UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Barclays increased their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Stifel Nicolaus lowered their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $611.69.

S&P Global Stock Down 0.1%

Shares of SPGI stock opened at $562.19 on Thursday. The company has a market capitalization of $171.64 billion, a price-to-earnings ratio of 43.25, a PEG ratio of 3.01 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $566.13. The company's fifty day moving average price is $523.64 and its 200-day moving average price is $510.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.90.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. 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.

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