Lincoln Capital LLC Has $1.02 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Lincoln Capital LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 7.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,408 shares of the business services provider’s stock after selling 183 shares during the period. Lincoln Capital LLC’s holdings in S&P Global were worth $1,024,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SPGI. Private Wealth Management Group LLC bought a new position in shares of S&P Global in the fourth quarter worth about $26,000. Pineridge Advisors LLC bought a new position in S&P Global in the 4th quarter valued at approximately $26,000. Valued Wealth Advisors LLC acquired a new stake in S&P Global in the fourth quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 1.1 %

Shares of SPGI traded down $5.09 during trading hours on Friday, reaching $443.82. The stock had a trading volume of 539,648 shares, compared to its average volume of 1,274,529. The firm has a 50-day simple moving average of $430.07 and a 200 day simple moving average of $431.44. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $138.87 billion, a price-to-earnings ratio of 50.33, a P/E/G ratio of 2.49 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released 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. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Equities research analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is 40.81%.

Analysts Set New Price Targets

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

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.