Global Endowment Management LP Has $429,000 Stake in S&P Global Inc. (NYSE:SPGI)

Key Points

• Global Endowment Management LP reduced its stake in S&P Global Inc. by 58.9%, leaving them with 844 shares valued at approximately $429,000.
• S&P Global reported a quarterly earnings per share (EPS) of $4.43, exceeding estimates, along with a revenue of $3.76 billion for the quarter.
• The company declared a quarterly dividend of $0.96, with an annualized yield of 0.7% and a payout ratio of 29.54%.

Global Endowment Management LP cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 58.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 844 shares of the business services provider's stock after selling 1,210 shares during the quarter. Global Endowment Management LP's holdings in S&P Global were worth $429,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $25,000. Costello Asset Management INC acquired a new position in S&P Global in the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in S&P Global in the first quarter valued at approximately $26,000. Anderson Financial Strategies LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $27,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of S&P Global during the first quarter worth approximately $28,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI opened at $556.11 on Friday. The business's 50-day moving average price is $529.89 and its two-hundred day moving average price is $512.57. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a market cap of $169.78 billion, a P/E ratio of 42.78, a PEG ratio of 3.02 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.04 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's payout ratio is 29.54%.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. Robert W. Baird lowered their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Morgan Stanley upped their price target on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Barclays upped their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Finally, Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $611.69.

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.

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