Montag & Caldwell LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 607,197 shares of the business services provider’s stock after selling 10,063 shares during the period. S&P Global makes up approximately 2.6% of Montag & Caldwell LLC’s holdings, making the stock its 21st largest position. Montag & Caldwell LLC owned about 0.24% of S&P Global worth $88,644,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in S&P Global during the first quarter worth about $101,000. American Beacon Advisors Inc. acquired a new stake in S&P Global during the first quarter worth about $103,000. State of Alaska Department of Revenue acquired a new stake in S&P Global during the first quarter worth about $125,000. Guardian Life Insurance Co. of America increased its stake 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 worth $131,000 after buying an additional 10 shares during the period. Finally, Parallel Advisors LLC increased its stake 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 worth $131,000 after buying an additional 50 shares during the period. 85.62% of the stock is owned by institutional investors.
S&P Global Inc. (NYSE SPGI) traded up 0.35% during mid-day trading on Friday, reaching $148.86. 43,310 shares of the company were exchanged. S&P Global Inc. has a 12 month low of $107.21 and a 12 month high of $158.35. The stock’s 50-day moving average is $149.90 and its 200-day moving average is $137.21. The company has a market cap of $38.26 billion, a P/E ratio of 17.34 and a beta of 1.52.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business earned $1.44 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post $6.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, August 24th. S&P Global’s payout ratio is 19.16%.
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A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Monday, July 17th. UBS AG increased their target price on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $153.00 target price (up previously from $139.00) on shares of S&P Global in a research report on Wednesday, April 26th. BMO Capital Markets increased their target price on shares of S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research report on Friday, July 14th. Finally, Raymond James Financial, Inc. raised shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a research report on Monday, April 17th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $153.82.
In related news, Director Marco Alvera acquired 400 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of $140.09 per share, with a total value of $56,036.00. Following the purchase, the director now owns 400 shares of the company’s stock, valued at $56,036. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by company insiders.
About S&P Global
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.
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