Tema Etfs LLC Trims Position in S&P Global Inc. $SPGI

Tema Etfs LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 27.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,398 shares of the business services provider’s stock after selling 1,264 shares during the period. Tema Etfs LLC’s holdings in S&P Global were worth $1,792,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Costello Asset Management INC purchased a new stake in shares of S&P Global during the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the second quarter valued at $26,000. MTM Investment Management LLC purchased a new position in shares of S&P Global in the second quarter worth about $27,000. CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the period. Finally, eCIO Inc. purchased a new position in shares of S&P Global during the first quarter worth $32,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPGI. Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. dropped their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Evercore ISI upped their price target on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Tuesday. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $613.00.

S&P Global Stock Performance

NYSE:SPGI opened at $496.68 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The company has a 50 day moving average price of $488.81 and a 200 day moving average price of $515.48. The stock has a market capitalization of $150.40 billion, a P/E ratio of 36.12, a PEG ratio of 2.60 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its earnings results 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 during the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. 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 payout ratio is 27.93%.

About S&P Global

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.