Aureus Asset Management LLC Sells 14,208 Shares of S&P Global Inc. (NYSE:SPGI)

Aureus Asset Management LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 16.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,014 shares of the business services provider’s stock after selling 14,208 shares during the quarter. S&P Global comprises 2.4% of Aureus Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Aureus Asset Management LLC’s holdings in S&P Global were worth $36,687,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in S&P Global by 16.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 434 shares of the business services provider’s stock worth $181,000 after buying an additional 62 shares during the last quarter. Quent Capital LLC lifted its position in S&P Global by 12.1% in the 2nd quarter. Quent Capital LLC now owns 1,068 shares of the business services provider’s stock worth $476,000 after buying an additional 115 shares during the last quarter. Mather Group LLC. lifted its position in S&P Global by 0.8% in the 2nd quarter. Mather Group LLC. now owns 5,596 shares of the business services provider’s stock worth $2,381,000 after buying an additional 43 shares during the last quarter. Fulton Bank N.A. lifted its position in S&P Global by 21.9% in the 2nd quarter. Fulton Bank N.A. now owns 1,154 shares of the business services provider’s stock worth $515,000 after buying an additional 207 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in S&P Global by 7.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 1,128 shares of the business services provider’s stock worth $503,000 after buying an additional 81 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on SPGI shares. Morgan Stanley boosted their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Wells Fargo & Company lifted their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Finally, Barclays lifted their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Price Performance

SPGI opened at $522.51 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a market capitalization of $162.13 billion, a PE ratio of 46.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The stock’s 50 day moving average price is $509.21 and its 200-day moving average price is $485.71.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 earnings per share. On average, equities research analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s payout ratio is 32.13%.

About S&P Global

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.