Stanley Laman Group Ltd. Trims Stock Position in S&P Global Inc. $SPGI

Stanley Laman Group Ltd. trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,464 shares of the business services provider’s stock after selling 168 shares during the period. Stanley Laman Group Ltd.’s holdings in S&P Global were worth $772,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SPGI. Stegent Equity Advisors Inc. lifted its holdings in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider’s stock worth $335,000 after buying an additional 20 shares during the period. Foster Dykema Cabot & Partners LLC lifted its stake in shares of S&P Global by 0.7% in the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider’s stock valued at $1,453,000 after purchasing an additional 20 shares during the period. Foster Group Inc. boosted its position in shares of S&P Global by 0.9% during the second quarter. Foster Group Inc. now owns 2,237 shares of the business services provider’s stock valued at $1,180,000 after purchasing an additional 20 shares in the last quarter. Quent Capital LLC grew its stake in S&P Global by 1.9% in the second quarter. Quent Capital LLC now owns 1,082 shares of the business services provider’s stock worth $571,000 after purchasing an additional 20 shares during the period. Finally, Integrated Investment Consultants LLC raised its holdings in S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider’s stock worth $387,000 after purchasing an additional 21 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.4%

Shares of NYSE SPGI opened at $473.76 on Friday. The firm’s 50 day moving average price is $521.74 and its 200-day moving average price is $513.25. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $144.64 billion, a PE ratio of 36.44, a P/E/G ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 29.54%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SPGI shares. Mizuho boosted their target price on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Barclays lifted their target price on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $614.23.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.