S&P Global Inc. $SPGI Shares Sold by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 14.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 896 shares of the business services provider’s stock after selling 152 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in S&P Global were worth $472,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in S&P Global in the first quarter worth about $26,000. Costello Asset Management INC acquired a new stake in S&P Global in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the second quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in S&P Global in the first quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in 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 worth $31,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $486.39 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $148.49 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.59 and a beta of 1.19. The firm has a 50-day moving average of $529.93 and a two-hundred day moving average of $514.25.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm 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%. As a group, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s payout ratio is presently 29.54%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. UBS Group upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday. BMO Capital Markets upped their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Morgan Stanley upped their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $614.85.

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.