Exencial Wealth Advisors LLC Has $22.20 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Exencial Wealth Advisors LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,961 shares of the business services provider’s stock after selling 686 shares during the quarter. S&P Global comprises about 0.8% of Exencial Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest position. Exencial Wealth Advisors LLC’s holdings in S&P Global were worth $22,195,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SPGI. Swedbank AB acquired a new position in shares of S&P Global during the first quarter valued at $351,774,000. International Assets Investment Management LLC lifted its stake in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after buying an additional 466,757 shares during the period. Assenagon Asset Management S.A. lifted its stake in S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after buying an additional 360,909 shares during the period. Third Point LLC acquired a new position in S&P Global in the first quarter valued at about $142,526,000. Finally, Ameriprise Financial Inc. lifted its stake in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.0 %

NYSE:SPGI opened at $489.53 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $151.90 billion, a PE ratio of 43.21, a PEG ratio of 2.50 and a beta of 1.18. S&P Global Inc. has a 52-week low of $382.12 and a 52-week high of $533.29. The stock has a 50-day simple moving average of $511.49 and a 200 day simple moving average of $474.78.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.21 earnings per share. On average, sell-side analysts expect that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Bank of America increased their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two research 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

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.