PAX Financial Group LLC Sells 99 Shares of S&P Global Inc. (NYSE:SPGI)

PAX Financial Group LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.0% in the 1st quarter, HoldingsChannel reports. The fund owned 1,543 shares of the business services provider’s stock after selling 99 shares during the period. PAX Financial Group LLC’s holdings in S&P Global were worth $656,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BKM Wealth Management LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $63,000. Fortitude Family Office LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $43,000. Premier Path Wealth Partners LLC acquired a new position in S&P Global during the 4th quarter valued at approximately $733,000. Mutual Advisors LLC raised its holdings in shares of S&P Global by 4.5% in the fourth quarter. Mutual Advisors LLC now owns 1,396 shares of the business services provider’s stock worth $615,000 after buying an additional 60 shares during the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of S&P Global by 2.0% during the fourth quarter. HB Wealth Management LLC now owns 4,265 shares of the business services provider’s stock worth $1,879,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. Stifel Nicolaus upped their target price on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets raised their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Oppenheimer raised their price target on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $490.55.

S&P Global Stock Performance

Shares of SPGI traded up $8.32 during trading hours on Tuesday, hitting $495.64. The stock had a trading volume of 769,645 shares, compared to its average volume of 1,265,864. The firm has a 50-day moving average price of $446.58 and a 200 day moving average price of $435.41. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $498.15. The firm has a market capitalization of $155.09 billion, a price-to-earnings ratio of 54.63, a PEG ratio of 2.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. As a group, research analysts anticipate that S&P Global Inc. will post 14.25 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.73%. S&P Global’s dividend payout ratio is currently 40.81%.

S&P Global 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.