S&P Global Inc. $SPGI Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 24.1% during the second quarter, HoldingsChannel reports. The firm owned 88,691 shares of the business services provider’s stock after selling 28,154 shares during the period. S&P Global accounts for 2.7% of Ownership Capital B.V.’s portfolio, making the stock its 17th largest position. Ownership Capital B.V.’s holdings in S&P Global were worth $46,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPGI. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the first quarter worth about $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SPGI. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. boosted their price target on S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. BMO Capital Markets cut their price target on S&P Global from $621.00 to $558.00 and set an “outperform” rating on the stock in a research note on Thursday, October 16th. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Finally, Morgan Stanley boosted their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $614.23.

S&P Global Trading Down 0.5%

Shares of NYSE SPGI opened at $493.96 on Wednesday. The stock’s 50 day moving average price is $511.75 and its two-hundred day moving average price is $515.00. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market capitalization of $150.80 billion, a P/E ratio of 38.00, a PEG ratio of 2.62 and a beta of 1.19. 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 (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. On average, analysts anticipate 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 disclosed 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. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 29.54%.

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.