Round Hill Asset Management Sells 4,696 Shares of S&P Global Inc. (NYSE:SPGI)

Round Hill Asset Management trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,542 shares of the business services provider’s stock after selling 4,696 shares during the period. S&P Global comprises approximately 10.1% of Round Hill Asset Management’s investment portfolio, making the stock its biggest position. Round Hill Asset Management’s holdings in S&P Global were worth $15,262,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First National Corp MA ADV raised its stake in S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after purchasing an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. grew its position in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after acquiring an additional 20 shares in the last quarter. Trust Point Inc. increased its stake in S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 20 shares during the last quarter. Sapient Capital LLC raised its position in S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 21 shares in the last quarter. Finally, Chatham Capital Group Inc. raised its position in S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $514.46 on Friday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The firm’s 50-day simple moving average is $509.35 and its two-hundred day simple moving average is $482.13. The stock has a market cap of $159.64 billion, a PE ratio of 45.41, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 EPS. Analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. Oppenheimer raised their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.