Johnson Investment Counsel Inc. Has $54.84 Million Stake in S&P Global Inc. $SPGI

Johnson Investment Counsel Inc. trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 104,004 shares of the business services provider’s stock after selling 10,477 shares during the period. Johnson Investment Counsel Inc.’s holdings in S&P Global were worth $54,840,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SPGI. Valeo Financial Advisors LLC increased its position in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares during the last quarter. Nuveen LLC acquired a new position in S&P Global during the first quarter worth $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in S&P Global by 70.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock worth $826,819,000 after buying an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after buying an additional 614,809 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in S&P Global by 37.9% during the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after buying an additional 210,373 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.3%

NYSE SPGI opened at $486.39 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50-day simple moving average of $529.93 and a 200 day simple moving average of $514.29. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market cap of $148.49 billion, a PE ratio of 37.41, a PEG ratio of 2.58 and a beta of 1.19.

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

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPGI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Oppenheimer raised their price target on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Two research 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.com, S&P Global currently has a consensus rating of “Buy” and an average target price of $614.85.

S&P Global 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.