S&P Global Inc. $SPGI Position Reduced by Davis Rea LTD.

Davis Rea LTD. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,256 shares of the business services provider’s stock after selling 47 shares during the period. S&P Global accounts for about 1.2% of Davis Rea LTD.’s investment portfolio, making the stock its 29th largest holding. Davis Rea LTD.’s holdings in S&P Global were worth $4,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strengthening Families & Communities LLC raised its holdings in S&P Global by 4.4% during the second quarter. Strengthening Families & Communities LLC now owns 2,846 shares of the business services provider’s stock worth $1,492,000 after purchasing an additional 120 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its holdings in S&P Global by 2.5% during the second quarter. Blue Zone Wealth Advisors LLC now owns 12,566 shares of the business services provider’s stock worth $6,626,000 after purchasing an additional 301 shares in the last quarter. PDS Planning Inc raised its holdings in S&P Global by 3.4% during the second quarter. PDS Planning Inc now owns 1,907 shares of the business services provider’s stock worth $1,006,000 after purchasing an additional 63 shares in the last quarter. JB Capital LLC bought a new stake in S&P Global during the second quarter worth approximately $206,000. Finally, Blue Trust Inc. raised its holdings in S&P Global by 14.6% during the second quarter. Blue Trust Inc. now owns 2,598 shares of the business services provider’s stock worth $1,370,000 after purchasing an additional 330 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $486.39 on Friday. The company’s fifty day moving average is $529.93 and its two-hundred day moving average is $514.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market cap of $148.49 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion for the quarter. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is 29.54%.

Analyst Ratings Changes

Several equities research analysts recently commented on SPGI shares. Morgan Stanley boosted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. JPMorgan Chase & Co. upped their price target on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $614.85.

S&P Global Company 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.