Camden National Bank Sells 166 Shares of S&P Global Inc. $SPGI

Camden National Bank lowered its position in S&P Global Inc. (NYSE:SPGI) by 1.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 14,738 shares of the business services provider’s stock after selling 166 shares during the period. Camden National Bank’s holdings in S&P Global were worth $7,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its stake in S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares during the last quarter. Nuveen LLC bought a new stake in shares of S&P Global during the 1st quarter valued at about $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 purchasing an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of S&P Global by 26.4% in 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 purchasing an additional 614,809 shares during the last quarter. Finally, ABN AMRO Bank N.V. purchased a new stake in S&P Global in the second quarter valued at approximately $310,348,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $493.50 on Friday. 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 company has a market capitalization of $149.43 billion, a PE ratio of 37.96, a P/E/G ratio of 2.50 and a beta of 1.17. The firm has a fifty day simple moving average of $492.06 and a two-hundred day simple moving average of $516.55. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. Research analysts expect that S&P Global Inc. will post 17.11 EPS for the current 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 given a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is presently 27.93%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SPGI shares. Citigroup lifted their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Barclays increased their target price on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. dropped their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Stifel Nicolaus cut their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of “Buy” and a consensus price target of $613.00.

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.