Burney Co. Cuts Position in S&P Global Inc. $SPGI

Burney Co. lowered its position in S&P Global Inc. (NYSE:SPGI) by 61.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 718 shares of the business services provider’s stock after selling 1,129 shares during the quarter. Burney Co.’s holdings in S&P Global were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SPGI. Valeo Financial Advisors LLC increased its position in shares of S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after buying an additional 3,163,938 shares in the last quarter. Nuveen LLC purchased a new stake in shares of S&P Global in the first quarter valued at $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after acquiring an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of S&P Global by 37.9% in the first quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after acquiring an additional 210,373 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $497.28 on Thursday. The firm has a market capitalization of $150.58 billion, a P/E ratio of 38.25, a PEG ratio of 2.50 and a beta of 1.17. The stock has a fifty day moving average price of $504.25 and a 200 day moving average price of $516.03. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Analyst Ratings Changes

A number of research firms recently commented on SPGI. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. BMO Capital Markets reiterated an “outperform” rating and set a $538.00 price objective on shares of S&P Global in a research report on Friday, October 31st. Mizuho lifted their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Morgan Stanley lifted their price objective on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. dropped their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $612.38.

S&P Global 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.