Montag A & Associates Inc. Lowers Holdings in S&P Global Inc. $SPGI

Montag A & Associates Inc. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,506 shares of the business services provider’s stock after selling 487 shares during the quarter. Montag A & Associates Inc.’s holdings in S&P Global were worth $1,849,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Divergent Planning LLC acquired a new position in shares of S&P Global in the 2nd quarter valued at about $303,000. Dynamic Advisor Solutions LLC raised its holdings in S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after buying an additional 733 shares during the period. SCS Capital Management LLC acquired a new position in S&P Global during the first quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC grew its stake in S&P Global by 4.6% during the second quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after buying an additional 1,383 shares during the period. Finally, Northside Capital Management LLC acquired a new stake in shares of S&P Global in the second quarter worth $975,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPGI shares. Stifel Nicolaus reduced their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. cut their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Evercore ISI upped their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Wells Fargo & Company increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $612.38.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $497.07 on Wednesday. The firm’s 50 day moving average is $500.09 and its two-hundred day moving average is $517.04. The firm has a market capitalization of $150.51 billion, a P/E ratio of 38.24, a PEG ratio of 2.50 and a beta of 1.17. 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 52 week low of $427.14 and a 52 week high of $579.05.

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

S&P Global Announces Dividend

The firm also recently declared 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 of this dividend 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 presently 27.93%.

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.