S&P Global Inc. $SPGI Shares Sold by Burney Co.

Burney Co. decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 61.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 718 shares of the business services provider’s stock after selling 1,129 shares during the period. Burney Co.’s holdings in S&P Global were worth $378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of S&P Global during the 1st quarter valued at $26,000. Cheviot Value Management LLC purchased a new position in shares of S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the second quarter valued at $26,000. CBIZ Investment Advisory Services LLC boosted its stake 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 purchasing an additional 31 shares during the period. Finally, eCIO Inc. purchased a new position in shares of S&P Global in the first quarter valued at $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $497.28 on Thursday. S&P Global Inc. has a twelve month low of $427.14 and a twelve 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 company has a market capitalization of $150.58 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The business has a 50 day simple moving average of $504.25 and a 200-day simple moving average of $516.03.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business 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, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 27.93%.

Analyst Ratings Changes

SPGI has been the subject of several analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $538.00 target price on shares of S&P Global in a research note on Friday, October 31st. Barclays upped their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Mizuho upped their target price on shares of S&P Global from $637.00 to $643.00 and gave the company 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 given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $612.38.

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.