S&P Global Inc. $SPGI Shares Sold by CNB Bank

CNB Bank reduced its stake in S&P Global Inc. (NYSE:SPGI) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 979 shares of the business services provider’s stock after selling 45 shares during the quarter. CNB Bank’s holdings in S&P Global were worth $516,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Sage Mountain Advisors LLC lifted its holdings in S&P Global by 1.6% during the 2nd quarter. Sage Mountain Advisors LLC now owns 1,890 shares of the business services provider’s stock worth $997,000 after buying an additional 30 shares in the last quarter. Catalyst Capital Advisors LLC lifted its holdings in S&P Global by 72.1% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 907 shares of the business services provider’s stock worth $478,000 after buying an additional 380 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in S&P Global by 0.6% during the 2nd quarter. Asset Management One Co. Ltd. now owns 164,401 shares of the business services provider’s stock worth $86,687,000 after buying an additional 903 shares in the last quarter. Lazard Freres Gestion S.A.S. lifted its holdings in S&P Global by 2,046.2% during the 2nd quarter. Lazard Freres Gestion S.A.S. now owns 76,726 shares of the business services provider’s stock worth $40,456,000 after buying an additional 73,151 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in S&P Global by 8.0% during the 2nd quarter. Bleakley Financial Group LLC now owns 11,025 shares of the business services provider’s stock worth $5,814,000 after buying an additional 821 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. 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 report on Tuesday, October 14th. Barclays boosted 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 note on Thursday, July 31st. Mizuho boosted their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and a consensus target price of $614.23.

S&P Global Trading Up 1.3%

Shares of S&P Global stock opened at $489.02 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $149.30 billion, a P/E ratio of 37.62, a PEG ratio of 2.55 and a beta of 1.19. The company’s fifty day moving average is $514.03 and its two-hundred day moving average is $513.81.

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 (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid 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 payout ratio is 29.54%.

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.