Kayne Anderson Rudnick Investment Management LLC Has $26.84 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Kayne Anderson Rudnick Investment Management LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,884 shares of the business services provider's stock after selling 1,551 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in S&P Global were worth $26,836,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Howard Capital Management Group LLC increased its holdings in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after acquiring an additional 28 shares in the last quarter. Virtu Financial LLC bought a new stake in S&P Global during the 3rd quarter worth approximately $1,753,000. SkyView Investment Advisors LLC raised its holdings in S&P Global by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock worth $2,561,000 after buying an additional 119 shares during the period. Fulcrum Equity Management bought a new position in S&P Global in the third quarter valued at approximately $200,000. Finally, Pine Valley Investments Ltd Liability Co boosted its holdings in shares of S&P Global by 2.2% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,102 shares of the business services provider's stock valued at $5,736,000 after buying an additional 235 shares during the period. 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 reports. Oppenheimer cut their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their price target on S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Bank of America initiated coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Finally, UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $591.86.

S&P Global Stock Performance

Shares of SPGI traded up $4.42 during mid-day trading on Wednesday, reaching $470.84. The company's stock had a trading volume of 1,232,137 shares, compared to its average volume of 1,239,265. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The business has a 50-day simple moving average of $494.80 and a two-hundred day simple moving average of $503.54. The stock has a market cap of $147.77 billion, a P/E ratio of 38.12, a PEG ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the business earned $3.13 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

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.