Fourpath Capital Management LLC Cuts Stock Position in S&P Global Inc. $SPGI

Fourpath Capital Management LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 7.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 705 shares of the business services provider’s stock after selling 53 shares during the period. Fourpath Capital Management LLC’s holdings in S&P Global were worth $372,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Valeo Financial Advisors LLC grew its position in shares of S&P Global by 70,734.1% during 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 purchasing an additional 3,163,938 shares in the last quarter. Nuveen LLC bought a new position in S&P Global during the first quarter valued at approximately $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in S&P Global by 70.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after buying an additional 670,392 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in S&P Global by 26.4% during 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 during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in S&P Global by 37.9% during the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after buying an additional 210,373 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.3%

SPGI opened at $486.39 on Friday. The firm has a market cap of $148.49 billion, a P/E ratio of 37.41, a P/E/G ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. 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 50-day moving average of $529.93 and a 200 day moving average of $514.25.

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. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders 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 yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPGI shares. UBS Group increased their price target on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday. Finally, Morgan Stanley increased their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $614.85.

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.