Montag & Caldwell LLC lowered its stake in shares of S&P Global Inc (NYSE:SPGI) by 20.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 270,020 shares of the business services provider’s stock after selling 69,205 shares during the period. S&P Global accounts for 3.2% of Montag & Caldwell LLC’s investment portfolio, making the stock its 16th biggest holding. Montag & Caldwell LLC’s holdings in S&P Global were worth $61,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Comerica Securities Inc. acquired a new position in S&P Global in the 4th quarter worth about $235,000. Dimensional Fund Advisors LP increased its holdings in shares of S&P Global by 4.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 766,177 shares of the business services provider’s stock valued at $130,202,000 after acquiring an additional 30,814 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of S&P Global by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,856,635 shares of the business services provider’s stock valued at $484,484,000 after acquiring an additional 80,031 shares during the last quarter. TIAA FSB increased its holdings in shares of S&P Global by 1.8% during the 1st quarter. TIAA FSB now owns 18,689 shares of the business services provider’s stock valued at $3,935,000 after acquiring an additional 326 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in shares of S&P Global during the 1st quarter valued at about $232,000. Institutional investors own 82.43% of the company’s stock.

SPGI traded up $3.36 during midday trading on Thursday, reaching $251.97. The company’s stock had a trading volume of 18,426 shares, compared to its average volume of 1,270,205. The stock has a market capitalization of $62.60 billion, a PE ratio of 29.69, a P/E/G ratio of 2.76 and a beta of 1.08. The firm has a fifty day simple moving average of $242.21. The company has a debt-to-equity ratio of 7.52, a quick ratio of 1.37 and a current ratio of 1.37. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $262.83.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.15. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.17 EPS. As a group, sell-side analysts expect that S&P Global Inc will post 9.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is currently 26.82%.

In other S&P Global news, EVP Steven J. Kemps sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $249.88, for a total value of $1,374,340.00. Following the sale, the executive vice president now owns 7,540 shares of the company’s stock, valued at approximately $1,884,095.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nicholas Cafferillo sold 9,911 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $252.95, for a total value of $2,506,987.45. Following the completion of the sale, the insider now directly owns 7,454 shares in the company, valued at approximately $1,885,489.30. The disclosure for this sale can be found here. Insiders sold a total of 16,418 shares of company stock worth $4,113,381 in the last ninety days. Insiders own 0.20% of the company’s stock.

A number of research analysts have recently commented on SPGI shares. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Stifel Nicolaus increased their price objective on S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Raymond James increased their price objective on S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Morgan Stanley increased their price objective on S&P Global from $254.00 to $262.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. Finally, Argus increased their price objective on S&P Global to $290.00 and gave the company a “buy” rating in a report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $252.23.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Featured Article: What is the Stochastic Momentum Index (SMI)?

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.