Haverford Financial Services Inc. Sells 7,063 Shares of S&P Global Inc. $SPGI

Haverford Financial Services Inc. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 31.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,527 shares of the business services provider’s stock after selling 7,063 shares during the quarter. S&P Global accounts for 2.4% of Haverford Financial Services Inc.’s holdings, making the stock its 20th biggest holding. Haverford Financial Services Inc.’s holdings in S&P Global were worth $8,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares in the last quarter. Geode Capital Management LLC grew its position in shares of S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of S&P Global by 3.7% during the first 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 worth $1,618,934,000 after purchasing an additional 114,843 shares during the period. Valeo Financial Advisors LLC raised its position in shares of S&P Global by 70,734.1% in the second 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 buying an additional 3,163,938 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised 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 valued at $1,497,493,000 after buying an additional 614,809 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on SPGI shares. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. BMO Capital Markets set a $546.00 target price on S&P Global in a report on Friday. Stifel Nicolaus dropped their price target on 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. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Stock Performance

NYSE:SPGI opened at $489.70 on Wednesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve 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’s 50-day simple moving average is $495.29 and its 200 day simple moving average is $517.00. The firm has a market capitalization of $148.28 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its 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 firm had revenue of $1.87 billion during the quarter. On average, analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

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.