Curi RMB Capital LLC Sells 1,024 Shares of S&P Global Inc. (NYSE:SPGI)

Curi RMB Capital LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,895 shares of the business services provider’s stock after selling 1,024 shares during the period. S&P Global makes up approximately 1.2% of Curi RMB Capital LLC’s holdings, making the stock its 14th largest holding. Curi RMB Capital LLC’s holdings in S&P Global were worth $53,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new position in S&P Global during the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global in the third quarter worth $27,000. Sachetta LLC raised its holdings in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the period. First Personal Financial Services bought a new stake in S&P Global in the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of S&P Global during the second quarter worth approximately $31,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.4 %

Shares of S&P Global stock opened at $510.29 on Thursday. S&P Global Inc. has a 1-year low of $398.73 and a 1-year high of $533.29. The business has a 50-day moving average of $510.74 and a 200-day moving average of $477.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $158.34 billion, a PE ratio of 45.04, a P/E/G ratio of 2.57 and a beta of 1.18.

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 (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the company posted $3.21 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts forecast that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio is 32.13%.

Analyst Ratings Changes

Several equities analysts have issued reports on SPGI shares. Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets decreased their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley increased their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

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.