Curi RMB Capital LLC Has $53.67 Million Position in S&P Global Inc. (NYSE:SPGI)

Curi RMB Capital LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 1.0% in the third quarter, Holdings Channel.com reports. The firm owned 103,895 shares of the business services provider’s stock after selling 1,024 shares during the quarter. S&P Global comprises 1.2% of Curi RMB Capital LLC’s 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Swedbank AB bought a new stake in S&P Global during the first quarter valued at about $351,774,000. International Assets Investment Management LLC boosted its stake in 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 buying an additional 466,757 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after purchasing an additional 360,909 shares during the last quarter. Third Point LLC bought a new stake in S&P Global during the first quarter worth about $142,526,000. Finally, Ameriprise Financial Inc. increased its holdings in S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.4 %

SPGI stock opened at $510.29 on Thursday. S&P Global Inc. has a fifty-two week low of $398.73 and a fifty-two week high of $533.29. The stock’s 50 day simple moving average is $510.74 and its 200 day simple moving average is $477.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $158.34 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 EPS. On average, research analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, BMO Capital Markets decreased 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 research 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 presently 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.