Capital Investment Counsel LLC Sells 441 Shares of S&P Global Inc. $SPGI

Capital Investment Counsel LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 15,318 shares of the business services provider’s stock after selling 441 shares during the period. Capital Investment Counsel LLC’s holdings in S&P Global were worth $8,077,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cheviot Value Management LLC bought a new position in shares of S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global during the 2nd quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 1.5%

SPGI opened at $496.57 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $151.60 billion, a PE ratio of 38.20, a PEG ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a 50-day moving average price of $512.94 and a two-hundred day moving average price of $514.74.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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. 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 (DPR) is presently 29.54%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets dropped their target price on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a research report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Barclays increased their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Morgan Stanley increased their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, Evercore ISI increased their target price on shares of S&P Global from $613.00 to $619.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $614.23.

About S&P Global

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.