Applied Capital LLC FL Sells 70 Shares of S&P Global Inc. (NYSE:SPGI)

Applied Capital LLC FL lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,052 shares of the business services provider’s stock after selling 70 shares during the period. Applied Capital LLC FL’s holdings in S&P Global were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Janney Capital Management LLC lifted its stake in shares of S&P Global by 2.7% during the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after buying an additional 461 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of S&P Global by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after buying an additional 87 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of S&P Global by 15.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after buying an additional 190,758 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of S&P Global by 54.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after buying an additional 1,115 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of S&P Global during the 4th quarter worth about $1,644,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on SPGI. BMO Capital Markets raised 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. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus lifted their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Oppenheimer lifted their target price on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $468.33.

S&P Global Stock Up 0.9 %

Shares of S&P Global stock traded up $3.99 during trading on Tuesday, reaching $450.31. 411,684 shares of the company traded hands, compared to its average volume of 1,286,136. 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 1-year low of $340.49 and a 1-year high of $461.16. The company has a 50 day moving average price of $432.04 and a 200-day moving average price of $431.78. The firm has a market capitalization of $140.90 billion, a PE ratio of 50.40, a P/E/G ratio of 2.48 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.81%. S&P Global’s payout ratio is currently 40.81%.

S&P Global 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.