Channing Global Advisors LLC Sells 357 Shares of S&P Global Inc. $SPGI

Channing Global Advisors LLC decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 10.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,022 shares of the business services provider’s stock after selling 357 shares during the quarter. S&P Global comprises about 1.0% of Channing Global Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Channing Global Advisors LLC’s holdings in S&P Global were worth $1,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after buying an additional 315,916 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares during the last quarter. Norges Bank bought a new stake in shares of S&P Global in the 2nd quarter valued at about $2,188,945,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of S&P Global by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after purchasing an additional 114,843 shares during the period. Finally, Valeo Financial Advisors LLC lifted its stake in S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of several research analyst reports. Evercore ISI upped their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $613.00.

S&P Global Stock Performance

NYSE:SPGI opened at $499.15 on Friday. The stock has a 50 day simple moving average of $488.69 and a 200 day simple moving average of $516.09. The stock has a market cap of $151.14 billion, a P/E ratio of 38.40, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. Research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is 27.93%.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.