S&P Global Inc. $SPGI Shares Sold by National Pension Service

National Pension Service decreased its position in S&P Global Inc. (NYSE:SPGI) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 588,958 shares of the business services provider’s stock after selling 69,325 shares during the quarter. National Pension Service owned 0.19% of S&P Global worth $310,552,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the period. Stephens Inc. AR increased its stake in S&P Global by 2.5% during the first quarter. Stephens Inc. AR now owns 11,132 shares of the business services provider’s stock worth $5,656,000 after purchasing an additional 269 shares during the period. Bleakley Financial Group LLC lifted its position in shares of S&P Global by 45.2% during the first quarter. Bleakley Financial Group LLC now owns 10,204 shares of the business services provider’s stock worth $5,185,000 after purchasing an additional 3,175 shares in the last quarter. Florida Financial Advisors LLC purchased a new position in shares of S&P Global in the first quarter valued at approximately $211,000. Finally, Sigma Planning Corp boosted its stake in shares of S&P Global by 13.2% in the first quarter. Sigma Planning Corp now owns 1,616 shares of the business services provider’s stock valued at $821,000 after purchasing an additional 188 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Up 0.7%

SPGI opened at $497.07 on Wednesday. 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 one year low of $427.14 and a one year high of $579.05. The company has a market cap of $150.51 billion, a P/E ratio of 38.24, a PEG ratio of 2.50 and a beta of 1.17. The business’s 50-day simple moving average is $500.09 and its 200-day simple moving average is $517.04.

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. The firm had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price 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 boosted their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Mizuho lifted their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, Morgan Stanley boosted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $612.38.

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.