Ycg LLC Has $34.22 Million Position in S&P Global Inc. (NYSE:SPGI)

Ycg LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,425 shares of the business services provider’s stock after selling 388 shares during the period. S&P Global makes up about 2.7% of Ycg LLC’s investment portfolio, making the stock its 17th biggest position. Ycg LLC’s holdings in S&P Global were worth $34,223,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Janney Capital Management LLC lifted its holdings in S&P Global by 2.7% in the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock valued at $7,678,000 after buying an additional 461 shares during the period. Arkadios Wealth Advisors raised its holdings in S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after purchasing an additional 87 shares during the period. Artisan Partners Limited Partnership raised its holdings in S&P Global by 15.7% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after purchasing an additional 190,758 shares during the period. Citizens Financial Group Inc. RI raised its holdings in S&P Global by 54.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after purchasing an additional 1,115 shares during the period. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in S&P Global in the fourth quarter worth $1,644,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SPGI. Stifel Nicolaus increased their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Barclays raised their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer raised their target price on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research report on Monday, July 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, June 21st. Finally, UBS Group lifted their price objective on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $485.60.

S&P Global Stock Performance

S&P Global stock traded up $5.10 during midday trading on Friday, hitting $478.32. The company’s stock had a trading volume of 1,322,498 shares, compared to its average volume of 1,272,948. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $481.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a 50-day moving average price of $438.76 and a two-hundred day moving average price of $433.10. The company has a market cap of $149.67 billion, a price-to-earnings ratio of 53.54, a PEG ratio of 2.58 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.39 billion. As a group, sell-side analysts predict that S&P Global Inc. will post 14.16 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Tuesday, August 27th. S&P Global’s payout ratio is presently 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.