S&P Global Inc. $SPGI Stock Position Cut by Findlay Park Partners LLP

Findlay Park Partners LLP lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 584,520 shares of the business services provider’s stock after selling 21,100 shares during the period. S&P Global makes up approximately 3.2% of Findlay Park Partners LLP’s portfolio, making the stock its 6th largest position. Findlay Park Partners LLP owned 0.19% of S&P Global worth $308,212,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Avantax Advisory Services Inc. lifted its position in shares of S&P Global by 4.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the last quarter. Divergent Planning LLC purchased a new position in S&P Global in the second quarter valued at $303,000. Vanguard Group Inc. raised its stake in S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after buying an additional 315,916 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings 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 worth $6,568,000 after buying an additional 733 shares during the last quarter. Finally, SCS Capital Management LLC purchased a new stake in S&P Global during the 1st quarter worth about $240,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore ISI increased their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Morgan Stanley increased their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Stifel Nicolaus dropped their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $613.00.

S&P Global Price Performance

SPGI stock opened at $496.44 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $150.32 billion, a P/E ratio of 38.19, a PEG ratio of 2.50 and a beta of 1.17. The business has a 50 day simple moving average of $489.09 and a 200-day simple moving average of $516.36. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 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 during the quarter. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend yield of 0.8%. S&P Global’s dividend payout ratio is 27.93%.

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.