S&P Global Inc. $SPGI Shares Sold by Cercano Management LLC

Cercano Management LLC lessened its position in S&P Global Inc. (NYSE:SPGI) by 25.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 95,348 shares of the business services provider’s stock after selling 31,946 shares during the quarter. S&P Global makes up about 1.4% of Cercano Management LLC’s portfolio, making the stock its 15th largest holding. Cercano Management LLC’s holdings in S&P Global were worth $50,276,000 as of its most recent SEC filing.

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

S&P Global Stock Performance

Shares of S&P Global stock opened at $493.97 on Friday. The firm has a market cap of $149.58 billion, a PE ratio of 38.00, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The business’s fifty day simple moving average is $497.60 and its 200-day simple moving average is $517.08.

S&P Global (NYSE:SPGI) last issued 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 during the quarter. Equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share 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. 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 currently 27.93%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPGI. Stifel Nicolaus dropped their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Evercore ISI upped their price target on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday. Finally, Mizuho boosted their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $613.00.

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.