S&P Global Inc. (NYSE:SPGI) Shares Sold by Buffington Mohr McNeal

Buffington Mohr McNeal reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,017 shares of the business services provider’s stock after selling 2,354 shares during the period. S&P Global accounts for about 1.2% of Buffington Mohr McNeal’s holdings, making the stock its 28th biggest holding. Buffington Mohr McNeal’s holdings in S&P Global were worth $6,815,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in S&P Global during the fourth quarter worth about $1,652,862,000. Wellington Management Group LLP boosted its stake in shares of S&P Global by 13.2% in the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after purchasing an additional 881,215 shares during the period. Capital International Investors boosted its stake in shares of S&P Global by 12.6% in the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after purchasing an additional 616,732 shares during the period. Morgan Stanley boosted its stake in shares of S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of S&P Global by 35.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock valued at $430,827,000 after purchasing an additional 308,683 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on SPGI. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Oppenheimer raised their target price on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, June 21st. Finally, Stifel Nicolaus raised their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $468.33.

S&P Global Stock Performance

NYSE:SPGI traded up $4.13 during midday trading on Tuesday, reaching $450.45. The stock had a trading volume of 731,250 shares, compared to its average volume of 1,288,673. The firm has a fifty day simple moving average of $432.04 and a two-hundred day simple moving average of $431.78. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $140.95 billion, a P/E ratio of 50.40, a P/E/G ratio of 2.48 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. On average, equities analysts expect that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.81%. S&P Global’s payout ratio is currently 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.