Blue Fin Capital Inc. Sells 540 Shares of S&P Global Inc. (SPGI)

Blue Fin Capital Inc. cut its stake in S&P Global Inc. (NYSE:SPGI) by 24.8% during the second quarter, Holdings Channel reports. The firm owned 1,635 shares of the business services provider’s stock after selling 540 shares during the period. Blue Fin Capital Inc.’s holdings in S&P Global were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SPGI. Vanguard Group Inc. raised its position in S&P Global by 4.0% in the first quarter. Vanguard Group Inc. now owns 19,395,347 shares of the business services provider’s stock worth $2,535,747,000 after buying an additional 740,631 shares during the last quarter. BlackRock Inc. raised its position in S&P Global by 1,866.9% in the first quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock worth $2,020,285,000 after buying an additional 14,667,076 shares during the last quarter. OppenheimerFunds Inc. raised its position in S&P Global by 4.2% in the first quarter. OppenheimerFunds Inc. now owns 6,211,104 shares of the business services provider’s stock worth $812,041,000 after buying an additional 251,294 shares during the last quarter. Independent Franchise Partners LLP raised its position in S&P Global by 0.6% in the second quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock worth $727,723,000 after buying an additional 30,708 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in S&P Global by 4.5% in the first quarter. Ameriprise Financial Inc. now owns 4,151,759 shares of the business services provider’s stock worth $542,786,000 after buying an additional 177,338 shares during the last quarter. 85.62% of the stock is owned by institutional investors.

S&P Global Inc. (SPGI) opened at 148.41 on Friday. The stock’s 50 day moving average price is $149.99 and its 200 day moving average price is $137.44. The stock has a market cap of $38.14 billion, a price-to-earnings ratio of 17.29 and a beta of 1.52. S&P Global Inc. has a one year low of $107.21 and a one year high of $158.35.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $1.44 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts predict that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is currently 19.16%.

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A number of research analysts have weighed in on SPGI shares. BMO Capital Markets lifted their target price on S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Barclays PLC lifted their target price on S&P Global from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, June 28th. Argus reaffirmed a “buy” rating and set a $158.00 target price (up previously from $150.00) on shares of S&P Global in a report on Monday, May 29th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Raymond James Financial, Inc. raised S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price for the company in a report on Monday, April 17th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $153.82.

In related news, Director Marco Alvera acquired 400 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were purchased at an average price of $140.09 per share, with a total value of $56,036.00. Following the completion of the purchase, the director now directly owns 400 shares of the company’s stock, valued at $56,036. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by company insiders.

About S&P Global

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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