Sustainable Growth Advisers LP Sells 26,146 Shares of S&P Global Inc. $SPGI

Sustainable Growth Advisers LP reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,509,793 shares of the business services provider’s stock after selling 26,146 shares during the quarter. S&P Global makes up 4.1% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 7th largest position. Sustainable Growth Advisers LP owned approximately 0.49% of S&P Global worth $796,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC purchased a new stake in S&P Global in the 1st quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC increased its position in S&P Global by 103.3% during the first 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 in the last quarter. Finally, eCIO Inc. acquired a new position in shares of S&P Global in the first quarter worth $32,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus decreased their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Barclays lifted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Wells Fargo & Company lifted their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Morgan Stanley boosted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $613.00.

S&P Global Trading Down 1.8%

Shares of SPGI opened at $493.97 on Friday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock’s 50-day moving average is $497.60 and its two-hundred day moving average is $516.90. 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 $149.58 billion, a PE ratio of 38.00, a P/E/G ratio of 2.50 and a beta of 1.17.

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

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders 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 dividend 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.