C WorldWide Group Holding A S Cuts Position in S&P Global Inc. $SPGI

C WorldWide Group Holding A S lessened its stake in S&P Global Inc. (NYSE:SPGI) by 15.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 580,783 shares of the business services provider’s stock after selling 102,714 shares during the quarter. S&P Global makes up about 4.1% of C WorldWide Group Holding A S’s holdings, making the stock its 9th largest position. C WorldWide Group Holding A S owned approximately 0.19% of S&P Global worth $306,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Cheviot Value Management LLC purchased a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the second quarter valued at $26,000. CBIZ Investment Advisory Services LLC raised its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the period. Finally, eCIO Inc. bought a new stake in shares of S&P Global in the first quarter valued at $32,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPGI shares. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Mizuho boosted their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $612.38.

S&P Global Stock Performance

Shares of SPGI opened at $497.28 on Thursday. The business’s fifty day simple moving average is $504.25 and its two-hundred day simple moving average is $516.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market cap of $150.58 billion, a price-to-earnings ratio of 38.25, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. Research 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 declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 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.