S&P Global Inc. $SPGI Position Cut by Johnson Investment Counsel Inc.

Key Points

• Johnson Investment Counsel Inc. reduced its position in S&P Global Inc. by 9.2% during the second quarter, bringing its holdings to 104,004 shares valued at approximately $54.84 million.
• S&P Global has a market capitalization of $148.49 billion and reported a quarterly earnings per share (EPS) of $2.33, with projected EPS of $17.11 for the current fiscal year.
• The company announced a quarterly dividend of $0.96 per share, resulting in an annualized dividend of $3.84 and a dividend yield of 0.8%.

Johnson Investment Counsel Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,004 shares of the business services provider's stock after selling 10,477 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in S&P Global were worth $54,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Brighton Jones LLC boosted its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. GAMMA Investing LLC boosted its stake in S&P Global by 20.2% during the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after purchasing an additional 708 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its stake in S&P Global by 10.1% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 2,196 shares of the business services provider's stock valued at $1,116,000 after purchasing an additional 201 shares in the last quarter. Stanley Laman Group Ltd. boosted its stake in S&P Global by 185.8% during the 1st quarter. Stanley Laman Group Ltd. now owns 1,632 shares of the business services provider's stock valued at $829,000 after purchasing an additional 1,061 shares in the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in S&P Global by 6.5% during the 1st quarter. Salem Investment Counselors Inc. now owns 593 shares of the business services provider's stock valued at $301,000 after purchasing an additional 36 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

SPGI opened at $486.39 on Friday. The stock has a fifty day moving average of $529.93 and a 200-day moving average of $514.29. The firm has a market capitalization of $148.49 billion, a P/E ratio of 37.41, a PEG ratio of 2.58 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 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 announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion during the quarter. Equities 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 issued 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 dividend payout ratio (DPR) is currently 29.54%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a research note on Thursday. Seaport Res Ptn upgraded S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reiterated a "buy (b)" rating on shares of S&P Global in a research report on Wednesday. Citigroup increased their price objective on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat.com, S&P Global has an average rating of "Buy" and an average target price of $614.85.

About S&P Global

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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