Interchange Capital Partners LLC Decreases Stock Position in S&P Global Inc. $SPGI

Interchange Capital Partners LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 85.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162 shares of the business services provider’s stock after selling 970 shares during the period. Interchange Capital Partners LLC’s holdings in S&P Global were worth $85,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after purchasing an additional 108,729 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in S&P Global by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after purchasing an additional 114,843 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after purchasing an additional 97,324 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 1.5%

NYSE SPGI opened at $486.76 on Wednesday. The company’s fifty day moving average price is $526.73 and its two-hundred day moving average price is $513.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market capitalization of $148.61 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 2.54 and a beta of 1.19.

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

S&P Global Dividend Announcement

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 given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis 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 Analyst Weigh In

A number of equities research analysts recently weighed in on SPGI shares. Barclays raised their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Evercore ISI increased their price objective on shares of S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $615.69.

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.