American Century Companies Inc. cut its position in S&P Global Inc (NYSE:SPGI) by 33.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 939,612 shares of the business services provider’s stock after selling 474,631 shares during the quarter. American Century Companies Inc.’s holdings in S&P Global were worth $191,577,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Progressive Investment Management Corp lifted its holdings in S&P Global by 480.3% in the first quarter. Progressive Investment Management Corp now owns 23,445 shares of the business services provider’s stock valued at $4,479,000 after acquiring an additional 19,405 shares during the period. Global X Management Co. LLC increased its position in S&P Global by 16.0% in the first quarter. Global X Management Co. LLC now owns 2,794 shares of the business services provider’s stock worth $534,000 after buying an additional 385 shares in the last quarter. Daiwa Securities Group Inc. increased its position in S&P Global by 11.1% in the first quarter. Daiwa Securities Group Inc. now owns 8,981 shares of the business services provider’s stock worth $1,716,000 after buying an additional 896 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in S&P Global by 94.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 36,769 shares of the business services provider’s stock worth $6,857,000 after buying an additional 17,819 shares in the last quarter. Finally, Montag & Caldwell LLC increased its position in S&P Global by 10.4% in the first quarter. Montag & Caldwell LLC now owns 568,719 shares of the business services provider’s stock worth $108,659,000 after buying an additional 53,677 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have commented on the company. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $228.00 price target for the company in a research report on Monday, July 2nd. Raymond James upped their price target on S&P Global from $206.00 to $218.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. Stifel Nicolaus upped their price target on S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. Morgan Stanley upped their price target on S&P Global from $217.00 to $219.00 and gave the stock an “equal weight” rating in a research report on Friday, July 27th. Finally, Atlantic Securities cut S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. S&P Global has an average rating of “Buy” and a consensus target price of $202.93.

NYSE:SPGI opened at $203.92 on Tuesday. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.27 and a quick ratio of 1.27. S&P Global Inc has a 12-month low of $149.04 and a 12-month high of $217.31. The stock has a market cap of $50.63 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 1.89 and a beta of 1.25.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.04. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the business posted $1.72 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. research analysts anticipate that S&P Global Inc will post 8.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Tuesday, August 28th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, August 27th. S&P Global’s dividend payout ratio is currently 29.03%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total transaction of $805,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alexander Matturri, Jr. sold 1,936 shares of the firm’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $196.93, for a total value of $381,256.48. Following the transaction, the chief executive officer now owns 14,579 shares of the company’s stock, valued at approximately $2,871,042.47. The disclosure for this sale can be found here. Insiders have sold 6,444 shares of company stock valued at $1,292,254 in the last quarter. 0.20% of the stock is currently owned by company insiders.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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