Gateway Investment Advisers LLC Trims Holdings in S&P Global Inc. (NYSE:SPGI)

Gateway Investment Advisers LLC cut its stake in S&P Global Inc. (NYSE:SPGIFree Report) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,537 shares of the business services provider’s stock after selling 7,898 shares during the quarter. Gateway Investment Advisers LLC’s holdings in S&P Global were worth $31,286,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Private Wealth Management Group LLC bought a new stake in S&P Global during the fourth quarter worth about $26,000. Pineridge Advisors LLC bought a new stake in S&P Global during the fourth quarter worth about $26,000. Valued Wealth Advisors LLC bought a new stake in S&P Global during the fourth quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group lifted its stake in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares during the last quarter. Finally, Fortis Group Advisors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at about $33,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 0.1 %

Shares of SPGI stock traded up $0.45 during midday trading on Tuesday, reaching $445.42. 227,576 shares of the stock were exchanged, compared to its average volume of 1,272,981. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16. The company’s 50 day moving average is $428.55 and its two-hundred day moving average is $431.09. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $139.37 billion, a PE ratio of 49.88, a price-to-earnings-growth ratio of 2.44 and a beta of 1.15.

S&P Global (NYSE:SPGIGet Free Report) last posted 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 firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, equities research analysts predict that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.82%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPGI shares. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Oppenheimer boosted their target price on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Barclays boosted their target price on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average target price of $467.89.

Get Our Latest Research Report on SPGI

S&P Global Company Profile

(Free Report)

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.

See Also

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

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