KCM Investment Advisors LLC Trims Stake in S&P Global Inc. $SPGI

KCM Investment Advisors LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% in the second quarter, HoldingsChannel.com reports. The firm owned 12,162 shares of the business services provider’s stock after selling 861 shares during the quarter. KCM Investment Advisors LLC’s holdings in S&P Global were worth $6,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at about $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the 2nd quarter worth $26,000. CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares during the period. Finally, eCIO Inc. purchased a new position in shares of S&P Global in the first quarter valued at $32,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

S&P Global stock opened at $495.89 on Friday. The stock has a 50-day simple moving average of $502.04 and a 200 day simple moving average of $516.17. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $150.15 billion, a price-to-earnings ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last released its 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. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued 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 is 27.93%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Wells Fargo & Company boosted their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $612.38.

About S&P Global

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.