S&P Global Inc. $SPGI Shares Sold by Sather Financial Group Inc

Key Points

• Sather Financial Group Inc reduced its holdings in S&P Global by 8.3%, now owning 103,436 shares valued at approximately $54.5 million, marking it as the firm's 12th largest investment.
• Several analysts have upgraded their price targets for S&P Global, with Oppenheimer raising it from $567 to $592 and Wells Fargo from $660 to $661, indicating strong positive sentiment among researchers.
• S&P Global has declared a quarterly dividend of $0.96, reflecting a $3.84 annualized dividend yield, with the ex-dividend date set for November 25th.

Sather Financial Group Inc lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,436 shares of the business services provider's stock after selling 9,382 shares during the period. S&P Global accounts for approximately 3.2% of Sather Financial Group Inc's investment portfolio, making the stock its 12th biggest holding. Sather Financial Group Inc's holdings in S&P Global were worth $54,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cheviot Value Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC acquired a new stake in shares of S&P Global during the 1st quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global during the 2nd quarter worth about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $28,000. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPGI shares. Oppenheimer raised their target price on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a research note on Wednesday. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Seaport Res Ptn upgraded S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. Two equities research 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 stock has a consensus rating of "Buy" and a consensus price target of $614.85.

S&P Global Trading Down 0.3%

Shares of SPGI stock opened at $486.39 on Friday. The business's 50 day moving average is $529.93 and its two-hundred day moving average is $514.29. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a market capitalization of $148.49 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. 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 announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion for the quarter. Equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

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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