S&P Global Inc. $SPGI Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 21,063 shares of the business services provider’s stock after selling 1,734 shares during the quarter. Metis Global Partners LLC’s holdings in S&P Global were worth $11,106,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC boosted its stake in shares of S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares in the last quarter. Nuveen LLC acquired a new stake in shares of S&P Global during the first quarter worth $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of S&P Global by 70.1% during 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 last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after purchasing an additional 614,809 shares during the period. Finally, Alliancebernstein L.P. increased its stake in S&P Global by 37.9% in the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock worth $389,283,000 after purchasing an additional 210,373 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on SPGI. Barclays upped their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and a consensus target price of $612.38.

S&P Global Stock Up 1.2%

SPGI stock opened at $495.89 on Friday. The company has a 50 day moving average of $502.04 and a two-hundred day moving average of $516.17. The company has a market cap of $150.15 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share 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. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is presently 27.93%.

About S&P Global

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.