S&P Global Inc. $SPGI Shares Sold by Kintegral Advisory LLC

Kintegral Advisory LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,757 shares of the business services provider’s stock after selling 27 shares during the quarter. S&P Global accounts for 0.9% of Kintegral Advisory LLC’s holdings, making the stock its 20th biggest position. Kintegral Advisory LLC’s holdings in S&P Global were worth $9,890,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Divergent Planning LLC acquired a new stake in shares of S&P Global in the second quarter worth $303,000. Dynamic Advisor Solutions LLC boosted its holdings in S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after buying an additional 733 shares in the last quarter. SCS Capital Management LLC purchased a new stake in S&P Global during the first quarter worth $240,000. Foster Victor Wealth Advisors LLC boosted its holdings in S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after buying an additional 1,383 shares in the last quarter. Finally, Caxton Associates LLP purchased a new stake in S&P Global during the first quarter worth $386,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $486.39 on Monday. The firm’s fifty day moving average price is $529.93 and its two-hundred day moving average price is $514.33. The stock has a market cap of $148.49 billion, a PE ratio of 37.41, a PEG ratio of 2.58 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 Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS 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. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is currently 29.54%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SPGI shares. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Oppenheimer increased their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an “outperform” rating in a report on Wednesday, July 2nd. Barclays increased their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Citigroup increased 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. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.