Kesler Norman & Wride LLC Has $2.87 Million Stake in S&P Global Inc. (NYSE:SPGI)

Kesler Norman & Wride LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,751 shares of the business services provider’s stock after selling 746 shares during the period. Kesler Norman & Wride LLC’s holdings in S&P Global were worth $2,874,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC lifted its stake in shares of S&P Global by 38.1% in the third quarter. Ancora Advisors LLC now owns 232 shares of the business services provider’s stock valued at $85,000 after buying an additional 64 shares during the period. Gotham Asset Management LLC increased its holdings in shares of S&P Global by 11.5% during the third quarter. Gotham Asset Management LLC now owns 4,216 shares of the business services provider’s stock worth $1,541,000 after buying an additional 436 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of S&P Global during the third quarter worth approximately $620,000. Evergreen Capital Management LLC increased its holdings in shares of S&P Global by 1.0% during the third quarter. Evergreen Capital Management LLC now owns 2,940 shares of the business services provider’s stock worth $1,074,000 after buying an additional 30 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in shares of S&P Global by 4.5% during the third quarter. Lido Advisors LLC now owns 5,323 shares of the business services provider’s stock worth $1,945,000 after buying an additional 227 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Oppenheimer raised their price objective on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, June 21st. BMO Capital Markets raised 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 raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Stifel Nicolaus raised their price objective on shares of 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $468.33.

S&P Global Trading Down 0.2 %

Shares of NYSE SPGI traded down $1.01 during midday trading on Thursday, reaching $449.44. 462,147 shares of the stock were exchanged, compared to its average volume of 1,024,807. The business has a 50-day simple moving average of $433.51 and a two-hundred day simple moving average of $432.01. The company has a market capitalization of $140.63 billion, a price-to-earnings ratio of 50.39, a P/E/G ratio of 2.50 and a beta of 1.16. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. 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 (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations 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 EPS for the current year.

S&P Global Announces Dividend

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