Citizens Financial Group Inc RI Trims Holdings in S&P Global Inc. (SPGI)

Citizens Financial Group Inc RI lessened its position in S&P Global Inc. (NYSE:SPGI) by 3.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 55,520 shares of the business services provider’s stock after selling 1,895 shares during the period. Citizens Financial Group Inc RI’s holdings in S&P Global were worth $8,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Wedbush Securities Inc. grew its stake in S&P Global by 0.3% in the second quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock valued at $294,000 after acquiring an additional 6 shares during the period. Guardian Life Insurance Co. of America grew its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 10 shares during the period. Segall Bryant & Hamill LLC grew its stake in S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock valued at $1,017,000 after acquiring an additional 30 shares during the period. TNB Financial grew its stake in S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 42 shares during the period. Finally, Parallel Advisors LLC grew its stake in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 50 shares during the period. 85.39% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on the company. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $166.00 price objective for the company in a research note on Monday, August 14th. UBS AG raised their price objective on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. BMO Capital Markets raised their price objective on S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. Morgan Stanley reissued an “equal weight” rating and issued a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Finally, Argus reissued a “buy” rating and issued a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $155.50.

In related news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares of the company’s stock, valued at approximately $16,059. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is owned by company insiders.

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Shares of S&P Global Inc. (SPGI) traded down 0.06% on Tuesday, hitting $152.68. The company had a trading volume of 119,245 shares. The firm’s 50 day moving average price is $151.91 and its 200-day moving average price is $141.48. The stock has a market capitalization of $39.24 billion, a PE ratio of 17.79 and a beta of 1.51. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $158.35.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.

S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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