Americana Partners LLC Reduces Holdings in S&P Global Inc. $SPGI

Americana Partners LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,109 shares of the business services provider’s stock after selling 900 shares during the period. Americana Partners LLC’s holdings in S&P Global were worth $6,912,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPGI. Divergent Planning LLC bought a new stake in S&P Global during the second quarter valued at about $303,000. Dynamic Advisor Solutions LLC grew its position in shares of S&P Global by 6.3% during the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares in the last quarter. SCS Capital Management LLC bought a new stake in S&P Global during the 1st quarter valued at approximately $240,000. Foster Victor Wealth Advisors LLC lifted its holdings in S&P Global by 4.6% in the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider’s stock worth $16,562,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Northside Capital Management LLC bought a new position in S&P Global in the 2nd quarter worth approximately $975,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $495.89 on Monday. The company’s 50-day moving average price is $502.04 and its 200-day moving average price is $516.84. 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 cap of $150.15 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. 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 released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion during the quarter. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS 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. Investors 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 dividend payout ratio is presently 27.93%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $538.00 price target on shares of S&P Global in a report on Friday, October 31st. Mizuho increased their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Stifel Nicolaus decreased their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Buy” and an average target price of $612.38.

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.