Aberdeen Group plc Sells 19,219 Shares of S&P Global Inc. $SPGI

Key Points

• has reduced its holdings in S&P Global Inc. by 4.6%, selling 19,219 shares and now owns 402,055 shares valued at approximately $209.83 million.
• S&P Global recently declared a quarterly dividend of $0.96 per share, which will be paid on December 10th, indicating an annualized dividend yield of 0.8%.
• The stock has shown a 12-month low of $427.14 and a high of $579.05, currently priced at $486.39, with a market capitalization of $148.49 billion.

Aberdeen Group plc reduced its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 402,055 shares of the business services provider's stock after selling 19,219 shares during the quarter. Aberdeen Group plc owned about 0.13% of S&P Global worth $209,833,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global during the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global during the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.3%

Shares of NYSE:SPGI opened at $486.39 on Friday. The stock has a fifty day simple moving average of $529.93 and a two-hundred day simple moving average of $514.25. The stock has a market capitalization of $148.49 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.59 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month 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 - Get Free Report) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion during the quarter. On average, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global's payout ratio is currently 29.54%.

Analyst Ratings Changes

SPGI has been the topic of several research reports. Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of S&P Global in a research note on Wednesday. Citigroup lifted their price objective on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research note on Monday, September 15th. Finally, Morgan Stanley lifted their price objective on S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $614.85.

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.

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