Chatham Capital Group Inc. Has $1.91 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Chatham Capital Group Inc. lessened its position in S&P Global Inc. (NYSE:SPGI) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,480 shares of the business services provider’s stock after selling 50 shares during the quarter. Chatham Capital Group Inc.’s holdings in S&P Global were worth $1,906,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its position in shares of S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after purchasing an additional 881,215 shares during the last quarter. Morgan Stanley boosted its stake in shares of S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after acquiring an additional 428,737 shares during the period. Capital International Investors boosted its stake in shares of S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after acquiring an additional 616,732 shares during the period. Norges Bank bought a new position in shares of S&P Global during the 4th quarter worth approximately $1,652,862,000. Finally, Capital World Investors boosted its stake in shares of S&P Global by 0.5% during the 4th quarter. Capital World Investors now owns 2,818,729 shares of the business services provider’s stock worth $1,241,706,000 after acquiring an additional 12,644 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock traded down $2.91 on Friday, hitting $446.00. 3,028,270 shares of the company’s stock were exchanged, compared to its average volume of 969,709. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The stock has a market cap of $139.55 billion, a P/E ratio of 50.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. The company has a 50 day moving average of $431.45 and a 200 day moving average of $431.72.

S&P Global (NYSE:SPGI) last posted 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 firm had revenue of $3.49 billion during 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%. On average, equities research analysts predict that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

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

Analyst Upgrades and Downgrades

SPGI has been the subject of several research analyst reports. BMO Capital Markets lifted their target price 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. Barclays upped their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a report on Friday, June 21st. Oppenheimer upped their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $467.89.

S&P Global 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.