Dupont Capital Management Corp Sells 3,903 Shares of S&P Global Inc. $SPGI

Key Points

• Dupont Capital Management Corp reduced its stake in S&P Global Inc. by 12.9%, selling 3,903 shares and now holds 26,379 shares, which constitutes approximately 1.5% of its portfolio.
• Currently, 87.17% of S&P Global's stock is owned by institutional investors, with various funds increasing or initiating positions recently.
• S&P Global announced a quarterly dividend of $0.96 per share, payable on December 10th, representing an annualized yield of 0.8%.

Dupont Capital Management Corp reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 12.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 26,379 shares of the business services provider's stock after selling 3,903 shares during the period. S&P Global accounts for approximately 1.5% of Dupont Capital Management Corp's portfolio, making the stock its 18th largest holding. Dupont Capital Management Corp's holdings in S&P Global were worth $13,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new stake in shares of S&P Global during the first quarter valued at about $26,000. Costello Asset Management INC purchased a new position in S&P Global during the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global during the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global during the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $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 Price Performance

Shares of S&P Global stock opened at $477.73 on Tuesday. The business's 50-day moving average price is $520.17 and its 200-day moving average price is $513.60. The firm has a market capitalization of $145.85 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 2.50 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 issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. BMO Capital Markets reduced their target price on S&P Global from $621.00 to $558.00 and set an "outperform" rating for the company in a research report on Thursday. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a research note on Wednesday, October 8th. Seaport Res Ptn upgraded S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.

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