Davis R M Inc. Has $1.46 Million Stake in S&P Global Inc. (NYSE:SPGI)

Davis R M Inc. cut its position in S&P Global Inc. (NYSE:SPGI) by 2.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,433 shares of the business services provider’s stock after selling 86 shares during the quarter. Davis R M Inc.’s holdings in S&P Global were worth $1,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPGI. BKM Wealth Management LLC acquired a new position in S&P Global during the fourth quarter worth about $63,000. Fortitude Family Office LLC acquired a new stake in S&P Global in the fourth quarter valued at approximately $43,000. Premier Path Wealth Partners LLC bought a new stake in shares of S&P Global during the fourth quarter worth $733,000. Mutual Advisors LLC increased its holdings in shares of S&P Global by 4.5% during the fourth quarter. Mutual Advisors LLC now owns 1,396 shares of the business services provider’s stock worth $615,000 after buying an additional 60 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of S&P Global by 2.0% in the 4th quarter. HB Wealth Management LLC now owns 4,265 shares of the business services provider’s stock valued at $1,879,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.6 %

Shares of NYSE:SPGI traded up $7.72 during midday trading on Tuesday, reaching $495.04. The company’s stock had a trading volume of 470,665 shares, compared to its average volume of 1,263,728. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $497.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a 50 day moving average price of $446.58 and a two-hundred day moving average price of $435.41. The firm has a market capitalization of $154.90 billion, a price-to-earnings ratio of 54.63, a PEG ratio of 2.72 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share 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 during the quarter, compared to the consensus estimate of $3.39 billion. As a group, analysts forecast that S&P Global Inc. will post 14.25 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced 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 of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global’s payout ratio is presently 40.81%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley lifted their price target on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research note on Friday, July 5th. 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. Bank of America raised their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Stifel Nicolaus raised their target price on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets lifted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $490.55.

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.