Rit Capital Partners PLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 48.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 157,500 shares of the business services provider’s stock after selling 150,800 shares during the period. S&P Global comprises 38.9% of Rit Capital Partners PLC’s portfolio, making the stock its 2nd largest position. Rit Capital Partners PLC owned 0.06% of S&P Global worth $22,992,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wedbush Securities Inc. raised its position in S&P Global by 0.3% in the second quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock valued at $294,000 after buying an additional 6 shares during the period. Guardian Life Insurance Co. of America raised its position in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after buying an additional 10 shares during the period. Segall Bryant & Hamill LLC raised its position in S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 30 shares during the period. TNB Financial raised its position in S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after buying an additional 42 shares during the period. Finally, Parallel Advisors LLC raised its position in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after buying an additional 50 shares during the period. 85.39% of the stock is owned by hedge funds and other institutional investors.

Shares of S&P Global Inc. (NYSE SPGI) traded down 0.41% during midday trading on Friday, reaching $153.69. 208,562 shares of the company’s stock traded hands. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35. The stock’s 50 day moving average is $151.58 and its 200-day moving average is $140.39. The company has a market capitalization of $39.50 billion, a PE ratio of 17.91 and a beta of 1.52.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business posted $1.44 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio is currently 19.16%.

ILLEGAL ACTIVITY NOTICE: “S&P Global Inc. (SPGI) Position Lowered by Rit Capital Partners PLC” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/sp-global-inc-spgi-position-lowered-by-rit-capital-partners-plc/1536202.html.

SPGI has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Argus reissued a “buy” rating and issued a $158.00 price target (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Morgan Stanley reissued an “equal weight” rating and issued a $146.00 price target (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Finally, UBS AG lifted their price target on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $155.50.

In other news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares in the company, valued at $16,059. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.

S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.