Linscomb Wealth Inc. Has $432,000 Stake in S&P Global Inc. (NYSE:SPGI)

Linscomb Wealth Inc. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.8% during the third quarter, Holdings Channel reports. The fund owned 836 shares of the business services provider’s stock after selling 123 shares during the quarter. Linscomb Wealth Inc.’s holdings in S&P Global were worth $432,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares in the last quarter. Quadrature Capital Ltd acquired a new position in S&P Global during the 1st quarter worth approximately $2,236,000. O Shaughnessy Asset Management LLC raised its stake in S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after buying an additional 6,162 shares during the period. Nwam LLC boosted its holdings in S&P Global by 45.5% in the first quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after acquiring an additional 326 shares in the last quarter. Finally, GDS Wealth Management grew its stake in S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after acquiring an additional 1,801 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $503.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $510.47 and its 200 day simple moving average is $478.74. S&P Global Inc. has a 12 month low of $401.79 and a 12 month high of $533.29. The company has a market cap of $156.17 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 EPS. Sell-side analysts forecast that S&P Global Inc. will post 15.25 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 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SPGI shares. Oppenheimer boosted their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley upped their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Company Profile

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.