Sterling Capital Management LLC Sells 2,611 Shares of S&P Global Inc. $SPGI

Sterling Capital Management LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 35,387 shares of the business services provider’s stock after selling 2,611 shares during the period. Sterling Capital Management LLC’s holdings in S&P Global were worth $18,659,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in SPGI. Brighton Jones LLC raised its holdings in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of S&P Global by 84.6% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,484 shares of the business services provider’s stock valued at $754,000 after buying an additional 680 shares during the period. Stratos Investment Management LLC lifted its position in shares of S&P Global by 20.1% during the 1st quarter. Stratos Investment Management LLC now owns 531 shares of the business services provider’s stock valued at $270,000 after buying an additional 89 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of S&P Global by 1.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 9,319 shares of the business services provider’s stock worth $4,735,000 after acquiring an additional 92 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC increased its holdings in S&P Global by 35.6% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 11,468 shares of the business services provider’s stock worth $5,827,000 after acquiring an additional 3,011 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPGI. Barclays boosted their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Mizuho lifted 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. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Morgan Stanley lifted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $612.38.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $489.95 on Friday. The company has a 50 day moving average of $503.10 and a 200 day moving average of $515.85. 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 cap of $148.36 billion, a P/E ratio of 37.69, a P/E/G ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last posted its 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. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. 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 payout ratio is presently 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.