Dumont & Blake Investment Advisors LLC Sells 155 Shares of S&P Global Inc. (NYSE:SPGI)

Dumont & Blake Investment Advisors LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 21.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 562 shares of the business services provider’s stock after selling 155 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in S&P Global were worth $239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Janney Capital Management LLC grew its holdings in shares of S&P Global by 2.7% during the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after acquiring an additional 461 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of S&P Global by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after acquiring an additional 87 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of S&P Global by 15.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after acquiring an additional 190,758 shares during the period. Citizens Financial Group Inc. RI grew its holdings in shares of S&P Global by 54.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after acquiring an additional 1,115 shares during the period. Finally, Handelsinvest Investeringsforvaltning purchased a new position in shares of S&P Global during the 4th quarter worth approximately $1,644,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Oppenheimer upped their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets upped their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Finally, Stifel Nicolaus upped their price target on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.89.

S&P Global Stock Performance

Shares of SPGI opened at $446.00 on Monday. The business’s fifty day simple moving average is $431.45 and its two-hundred day simple moving average is $431.72. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a market cap of $139.55 billion, a price-to-earnings ratio of 50.00, a P/E/G ratio of 2.48 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Research analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a dividend yield of 0.82%. S&P Global’s payout ratio is 40.81%.

S&P Global Company Profile

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.