King Luther Capital Management Corp Sells 2,152 Shares of S&P Global Inc. (NYSE:SPGI)

King Luther Capital Management Corp trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,906 shares of the business services provider’s stock after selling 2,152 shares during the period. King Luther Capital Management Corp’s holdings in S&P Global were worth $17,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of SPGI. InterOcean Capital Group LLC lifted its position in S&P Global by 2.1% during the fourth quarter. InterOcean Capital Group LLC now owns 173,010 shares of the business services provider’s stock valued at $76,214,000 after purchasing an additional 3,515 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of S&P Global by 9.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 372 shares of the business services provider’s stock worth $164,000 after purchasing an additional 32 shares during the last quarter. Nemes Rush Group LLC boosted its position in S&P Global by 4.7% in the 4th quarter. Nemes Rush Group LLC now owns 14,287 shares of the business services provider’s stock valued at $6,294,000 after buying an additional 642 shares during the period. Assetmark Inc. raised its stake in shares of S&P Global by 9.4% during the fourth quarter. Assetmark Inc. now owns 9,811 shares of the business services provider’s stock valued at $4,322,000 after acquiring an additional 843 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at approximately $355,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPGI. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Barclays boosted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer boosted their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $467.89.

S&P Global Stock Performance

S&P Global stock traded down $0.46 during mid-day trading on Wednesday, reaching $439.41. 278,450 shares of the company traded hands, compared to its average volume of 1,338,565. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The company has a market capitalization of $137.49 billion, a price-to-earnings ratio of 49.55, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14. The firm’s fifty day moving average is $423.92 and its two-hundred day moving average is $426.60.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, equities research analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, May 29th. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.