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

Curi RMB Capital LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,895 shares of the business services provider's stock after selling 1,024 shares during the quarter. S&P Global makes up 1.2% of Curi RMB Capital LLC's investment portfolio, 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in S&P Global during the 1st quarter valued at approximately $351,774,000. International Assets Investment Management LLC grew its stake in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider's stock valued at $241,274,000 after purchasing an additional 466,757 shares during the period. Assenagon Asset Management S.A. grew its position in S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider's stock valued at $206,669,000 after acquiring an additional 360,909 shares during the period. Third Point LLC acquired a new stake in shares of S&P Global during the 1st quarter worth about $142,526,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock worth $1,115,697,000 after buying an additional 298,645 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock traded up $0.35 during trading on Thursday, reaching $510.64. The company's stock had a trading volume of 750,381 shares, compared to its average volume of 1,209,288. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The business's 50-day moving average price is $510.74 and its 200-day moving average price is $477.90. S&P Global Inc. has a 52 week low of $401.58 and a 52 week high of $533.29. The firm has a market cap of $158.45 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 - Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The business's revenue was up 15.9% compared to the same quarter last year. Equities analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed 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 is presently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Robert W. Baird upped their price objective on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Oppenheimer boosted their target price on S&P Global from $540.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $571.31.

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.