S&P Global Inc. $SPGI Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,277 shares of the business services provider’s stock after selling 5,052 shares during the quarter. iA Global Asset Management Inc.’s holdings in S&P Global were worth $41,802,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SPGI. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the first quarter worth $26,000. Costello Asset Management INC acquired a new position in shares of S&P Global in the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the second quarter worth $26,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in shares of S&P Global in the first quarter valued at $32,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock opened at $487.37 on Friday. The stock has a 50-day moving average price of $507.44 and a two-hundred day moving average price of $515.30. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $148.80 billion, a PE ratio of 37.49, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last posted 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 return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion during the quarter. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is 29.54%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday. UBS Group lifted their price objective on S&P Global from $575.00 to $620.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Evercore ISI lifted their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley lifted their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Buy” and an average price target of $612.38.

S&P Global 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.