Olstein Capital Management L.P. Trims Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Olstein Capital Management L.P. lowered its position in S&P Global Inc. (NYSE:SPGI) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,500 shares of the business services provider’s stock after selling 500 shares during the period. Olstein Capital Management L.P.’s holdings in S&P Global were worth $2,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Valeo Financial Advisors LLC raised its stake in S&P Global by 2.4% during the first quarter. Valeo Financial Advisors LLC now owns 3,987 shares of the business services provider’s stock worth $1,696,000 after purchasing an additional 94 shares during the period. Capital Advisors Ltd. LLC raised its position in S&P Global by 3.5% in the first quarter. Capital Advisors Ltd. LLC now owns 765 shares of the business services provider’s stock valued at $326,000 after purchasing an additional 26 shares during the period. Oak Thistle LLC grew its holdings in shares of S&P Global by 4.6% during the 1st quarter. Oak Thistle LLC now owns 1,161 shares of the business services provider’s stock worth $494,000 after purchasing an additional 51 shares during the period. Park Place Capital Corp increased its position in shares of S&P Global by 54.7% during the 1st quarter. Park Place Capital Corp now owns 1,083 shares of the business services provider’s stock worth $461,000 after purchasing an additional 383 shares during the last quarter. Finally, Claro Advisors LLC raised its holdings in S&P Global by 9.8% in the 1st quarter. Claro Advisors LLC now owns 2,160 shares of the business services provider’s stock valued at $919,000 after buying an additional 192 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SPGI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Oppenheimer lifted their price objective on S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research note on Monday. Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $468.33.

S&P Global Stock Down 0.2 %

S&P Global stock traded down $1.01 during mid-day trading on Wednesday, hitting $449.44. The company had a trading volume of 462,147 shares, compared to its average volume of 1,282,165. The stock has a market cap of $140.63 billion, a price-to-earnings ratio of 50.56, a PEG ratio of 2.48 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The business has a fifty day moving average of $432.79 and a 200 day moving average of $431.89.

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

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is presently 40.81%.

About S&P Global

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.