Lmcg Investments LLC Lowers Stock Holdings in S&P Global Inc. $SPGI

Key Points

• Lmcg Investments LLC has decreased its stake in S&P Global Inc. by 4.2% during the 2nd quarter, now owning 19,040 shares valued at approximately $10 million.
• Several other large investors, including Strengthening Families & Communities LLC and Blue Trust Inc., have increased their stakes in S&P Global, indicating ongoing institutional interest in the company.
• S&P Global is set to pay a quarterly dividend of $0.96 per share on December 10th, representing an annualized yield of 0.8%.

Lmcg Investments LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,040 shares of the business services provider's stock after selling 834 shares during the period. Lmcg Investments LLC's holdings in S&P Global were worth $10,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Strengthening Families & Communities LLC boosted its position in S&P Global by 4.4% in the 2nd quarter. Strengthening Families & Communities LLC now owns 2,846 shares of the business services provider's stock valued at $1,492,000 after buying an additional 120 shares during the period. Blue Zone Wealth Advisors LLC boosted its position in S&P Global by 2.5% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 12,566 shares of the business services provider's stock valued at $6,626,000 after buying an additional 301 shares during the period. PDS Planning Inc boosted its position in S&P Global by 3.4% in the 2nd quarter. PDS Planning Inc now owns 1,907 shares of the business services provider's stock valued at $1,006,000 after buying an additional 63 shares during the period. JB Capital LLC purchased a new stake in S&P Global in the 2nd quarter valued at about $206,000. Finally, Blue Trust Inc. boosted its position in S&P Global by 14.6% in the 2nd quarter. Blue Trust Inc. now owns 2,598 shares of the business services provider's stock valued at $1,370,000 after buying an additional 330 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.3%

NYSE SPGI opened at $486.39 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market cap of $148.49 billion, a PE ratio of 37.41, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a 50 day moving average price of $529.93 and a 200 day moving average price of $514.25. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have issued reports on SPGI. UBS Group boosted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets boosted their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Seaport Res Ptn upgraded shares of S&P Global to a "strong-buy" rating in a report on Wednesday, October 1st. Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Finally, Barclays boosted their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Two 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.com, the company presently has a consensus rating of "Buy" and an average target price 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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.