Carnegie Investment Counsel Has $664,000 Holdings in S&P Global Inc. $SPGI

Carnegie Investment Counsel cut its holdings in S&P Global Inc. (NYSE:SPGI) by 2.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,259 shares of the business services provider’s stock after selling 30 shares during the period. Carnegie Investment Counsel’s holdings in S&P Global were worth $664,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. Vanguard Group Inc. lifted its position in S&P Global by 0.4% during the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock worth $15,130,711,000 after purchasing an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in S&P Global by 3.7% in 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 during the period. Valeo Financial Advisors LLC grew its position 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 valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. Price T Rowe Associates Inc. MD grew its position in S&P Global by 26.4% in 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 during the period. Finally, Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 97,324 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 1.3%

NYSE SPGI opened at $489.02 on Friday. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a market cap of $149.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.59 and a beta of 1.19. The stock’s fifty day moving average price is $514.03 and its 200-day moving average price is $514.31. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPGI. Morgan Stanley lifted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. BMO Capital Markets reduced their target price on S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a report on Thursday, October 16th. Barclays boosted their price objective on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two investment 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.com, the stock has a consensus rating of “Buy” and a consensus target price of $614.23.

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.