S&P Global Inc. $SPGI Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,040 shares of the business services provider’s stock after selling 834 shares during the quarter. Lmcg Investments LLC’s holdings in S&P Global were worth $10,040,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Divergent Planning LLC acquired a new position in S&P Global during the 2nd quarter valued at approximately $303,000. Dynamic Advisor Solutions LLC increased its stake in S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC acquired a new position in S&P Global during the 1st quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC increased its stake in S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock valued at $16,562,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in shares of S&P Global in the 1st quarter valued at $386,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $486.39 on Friday. The company’s fifty day moving average price is $529.93 and its 200 day moving average price is $514.25. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a market capitalization of $148.49 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last announced its quarterly 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 firm had revenue of $1.87 billion for the quarter. On average, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on SPGI shares. BMO Capital Markets upped their price objective on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday. Citigroup upped their price objective on shares of 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 objective on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Finally, Barclays upped their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average target price of $614.85.

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.