Olstein Capital Management L.P. Has $2.77 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Olstein Capital Management L.P. decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 6,500 shares of the business services provider’s stock after selling 500 shares during the period. Olstein Capital Management L.P.’s holdings in S&P Global were worth $2,765,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its position in S&P Global by 2.4% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,987 shares of the business services provider’s stock worth $1,696,000 after buying an additional 94 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in S&P Global by 3.5% during the first quarter. Capital Advisors Ltd. LLC now owns 765 shares of the business services provider’s stock worth $326,000 after acquiring an additional 26 shares in the last quarter. Oak Thistle LLC raised its holdings in S&P Global by 4.6% during the first quarter. Oak Thistle LLC now owns 1,161 shares of the business services provider’s stock worth $494,000 after acquiring an additional 51 shares in the last quarter. Park Place Capital Corp boosted its position in S&P Global by 54.7% during the first quarter. Park Place Capital Corp now owns 1,083 shares of the business services provider’s stock valued at $461,000 after purchasing an additional 383 shares during the last quarter. Finally, Claro Advisors LLC grew its stake in S&P Global by 9.8% in the first quarter. Claro Advisors LLC now owns 2,160 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SPGI shares. Stifel Nicolaus raised their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets lifted their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Oppenheimer upped their price objective on S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $468.33.

S&P Global Price Performance

Shares of NYSE SPGI traded down $1.01 during mid-day trading on Wednesday, reaching $449.44. The company had a trading volume of 462,147 shares, compared to its average volume of 1,282,165. The firm has a market cap of $140.63 billion, a price-to-earnings ratio of 50.56, a PEG ratio of 2.48 and a beta of 1.16. The business’s 50-day simple moving average is $432.79 and its 200 day simple moving average is $431.89. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. On average, research analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.81%. S&P Global’s dividend payout ratio (DPR) is currently 40.81%.

About S&P Global

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.