Exencial Wealth Advisors LLC Decreases Stake in S&P Global Inc. (NYSE:SPGI)

Exencial Wealth Advisors LLC cut its position in S&P Global Inc. (NYSE:SPGI) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 42,063 shares of the business services provider’s stock after selling 898 shares during the quarter. S&P Global accounts for 0.8% of Exencial Wealth Advisors LLC’s holdings, making the stock its 29th biggest position. Exencial Wealth Advisors LLC’s holdings in S&P Global were worth $20,949,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. First Personal Financial Services purchased a new stake in S&P Global during the third quarter worth approximately $29,000. Human Investing LLC acquired a new stake in S&P Global during the fourth quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the 3rd quarter worth approximately $31,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter valued at $31,000. Finally, Dunhill Financial LLC boosted its holdings in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPGI shares. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. UBS Group upped their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Stock Performance

Shares of SPGI opened at $528.98 on Tuesday. The stock has a market capitalization of $162.82 billion, a P/E ratio of 42.83, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company’s fifty day moving average is $514.36 and its two-hundred day moving average is $511.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the business earned $3.13 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

S&P Global Profile

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.