Railway Pension Investments Ltd Has $98.02 Million Stock Holdings in S&P Global Inc. $SPGI

Railway Pension Investments Ltd trimmed its position in S&P Global Inc. (NYSE:SPGI) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,900 shares of the business services provider’s stock after selling 29,800 shares during the quarter. S&P Global makes up 1.4% of Railway Pension Investments Ltd’s holdings, making the stock its 17th largest position. Railway Pension Investments Ltd owned about 0.06% of S&P Global worth $98,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $2,188,945,000. Valeo Financial Advisors LLC increased its holdings in shares of S&P Global by 70,734.1% in the second 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. Nuveen LLC bought a new position in shares of S&P Global in the first quarter valued at about $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of S&P Global by 70.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after purchasing an additional 670,392 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after buying an additional 614,809 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. Mizuho upped their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company lifted their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Evercore ISI raised their price objective on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Two 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 stock has an average 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 firm’s fifty day moving average price is $488.69 and its two-hundred day moving average price is $516.09. The stock has a market cap of $151.14 billion, a PE ratio of 38.40, a PEG ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion during the quarter. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given 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 dividend payout ratio (DPR) is currently 27.93%.

S&P Global Company Profile

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.