Yousif Capital Management LLC Sells 1,199 Shares of S&P Global Inc. $SPGI

Yousif Capital Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 55,601 shares of the business services provider’s stock after selling 1,199 shares during the quarter. Yousif Capital Management LLC’s holdings in S&P Global were worth $29,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the last quarter. GAMMA Investing LLC grew its position in shares of S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider’s stock valued at $2,139,000 after purchasing an additional 708 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of S&P Global by 10.1% in the first quarter. NorthCrest Asset Manangement LLC now owns 2,196 shares of the business services provider’s stock valued at $1,116,000 after purchasing an additional 201 shares during the last quarter. CVA Family Office LLC grew its position in shares of S&P Global by 8.0% in the first quarter. CVA Family Office LLC now owns 806 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 60 shares during the last quarter. Finally, Goldstone Financial Group LLC grew its position in shares of S&P Global by 38.1% in the first quarter. Goldstone Financial Group LLC now owns 775 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Oppenheimer upped their target price on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Morgan Stanley upped their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday. BMO Capital Markets increased their price target on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Barclays increased their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $614.85.

S&P Global Trading Down 0.3%

Shares of NYSE:SPGI opened at $486.39 on Monday. The business’s 50 day simple moving average is $529.93 and its 200 day simple moving average is $514.33. The company has a market capitalization of $148.49 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm 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, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 29.54%.

S&P Global 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.