Lynwood Price Capital Management LP Sells 700 Shares of S&P Global Inc. (NYSE:SPGI)

Key Points

• Lynwood Price Capital Management LP reduced its holdings in S&P Global Inc. by 5.7%, now owning $5.89 million worth of shares, making it the firm's 12th largest holding.
• Multiple brokerages have recently raised their price targets for S&P Global, with analysts giving a consensus rating of "Moderate Buy" and a price target of approximately $605.62.
• S&P Global reported an earnings per share (EPS) of $4.43 for the last quarter, surpassing analysts' expectations, and also announced a quarterly dividend of $0.96.

Lynwood Price Capital Management LP trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,600 shares of the business services provider's stock after selling 700 shares during the quarter. S&P Global comprises 3.4% of Lynwood Price Capital Management LP's portfolio, making the stock its 12th biggest holding. Lynwood Price Capital Management LP's holdings in S&P Global were worth $5,894,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPGI. GAMMA Investing LLC boosted its holdings in S&P Global by 60,982.3% during the first quarter. GAMMA Investing LLC now owns 2,139,101 shares of the business services provider's stock valued at $1,086,877,000 after acquiring an additional 2,135,599 shares during the period. Northern Trust Corp boosted its stake in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in S&P Global in the 4th quarter valued at approximately $238,503,000. BlueSpruce Investments LP bought a new position in S&P Global in the 4th quarter worth approximately $178,858,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of S&P Global by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after buying an additional 357,790 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. increased their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Robert W. Baird reduced their price target on shares of 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. BMO Capital Markets increased their price target on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday. Finally, UBS Group boosted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $611.69.

S&P Global Stock Up 2.2%

Shares of SPGI stock traded up $11.79 during trading hours on Monday, hitting $557.45. 447,133 shares of the company were exchanged, compared to its average volume of 1,287,982. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $558.86. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $520.65 and a two-hundred day moving average of $509.18. The company has a market capitalization of $170.97 billion, a PE ratio of 42.88, a PEG ratio of 2.92 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.18 by $0.25. The firm had revenue of $3.76 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.04 EPS. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

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.