Prudent Man Advisors LLC Sells 28 Shares of S&P Global Inc. $SPGI

Prudent Man Advisors LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,966 shares of the business services provider’s stock after selling 28 shares during the period. Prudent Man Advisors LLC’s holdings in S&P Global were worth $1,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Interchange Capital Partners LLC increased its holdings in S&P Global by 3.3% during the second quarter. Interchange Capital Partners LLC now owns 1,169 shares of the business services provider’s stock valued at $616,000 after buying an additional 37 shares during the last quarter. Brighton Jones LLC increased its holdings in S&P Global by 24.6% during the second quarter. Brighton Jones LLC now owns 4,034 shares of the business services provider’s stock valued at $2,127,000 after buying an additional 796 shares during the last quarter. Stegent Equity Advisors Inc. increased its holdings in S&P Global by 23.2% during the second quarter. Stegent Equity Advisors Inc. now owns 812 shares of the business services provider’s stock valued at $428,000 after buying an additional 153 shares during the last quarter. Linden Thomas Advisory Services LLC increased its holdings in S&P Global by 24.3% during the second quarter. Linden Thomas Advisory Services LLC now owns 13,482 shares of the business services provider’s stock valued at $7,109,000 after buying an additional 2,632 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its holdings in S&P Global by 2.7% during the second quarter. Focus Partners Advisor Solutions LLC now owns 1,974 shares of the business services provider’s stock valued at $1,040,000 after buying an additional 51 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $489.02 on Friday. The firm has a fifty day moving average price of $514.03 and a 200-day moving average price of $514.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $149.30 billion, a PE ratio of 37.62, a price-to-earnings-growth ratio of 2.59 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.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. Evercore ISI upped their target price on shares of S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Morgan Stanley upped their target price 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. Finally, Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $614.23.

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.