State of Alaska Department of Revenue cut its stake in shares of S&P Global Inc (NYSE:SPGI) by 12.3% during the first quarter, HoldingsChannel reports. The firm owned 40,822 shares of the business services provider’s stock after selling 5,743 shares during the period. State of Alaska Department of Revenue’s holdings in S&P Global were worth $8,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. CI Investments Inc. lifted its stake in S&P Global by 21.0% in the third quarter. CI Investments Inc. now owns 766,040 shares of the business services provider’s stock valued at $149,677,000 after acquiring an additional 133,167 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in S&P Global by 56.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,822 shares of the business services provider’s stock valued at $2,572,000 after acquiring an additional 4,637 shares during the last quarter. GAM Holding AG lifted its stake in S&P Global by 60.4% in the third quarter. GAM Holding AG now owns 1,750 shares of the business services provider’s stock valued at $342,000 after acquiring an additional 659 shares during the last quarter. LPL Financial LLC lifted its stake in S&P Global by 5.4% in the third quarter. LPL Financial LLC now owns 17,761 shares of the business services provider’s stock valued at $3,470,000 after acquiring an additional 914 shares during the last quarter. Finally, Capital Guardian Trust Co. acquired a new stake in S&P Global in the third quarter valued at approximately $134,000. Hedge funds and other institutional investors own 84.22% of the company’s stock.

SPGI has been the subject of a number of analyst reports. Piper Jaffray Companies lifted their target price on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Raymond James reduced their price objective on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating for the company in a research note on Tuesday, January 8th. ValuEngine upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Atlantic Securities upgraded shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective for the company in a research note on Friday, January 11th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $212.18.

NYSE:SPGI opened at $214.81 on Wednesday. The firm has a market cap of $52.86 billion, a P/E ratio of 25.27, a P/E/G ratio of 1.35 and a beta of 1.16. S&P Global Inc has a one year low of $156.68 and a one year high of $217.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 5.35.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.85 EPS. As a group, analysts forecast that S&P Global Inc will post 9.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th were paid a dividend of $0.57 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Monday, February 25th. S&P Global’s dividend payout ratio is presently 26.82%.

In related news, CEO Alexander Matturri, Jr. sold 1,790 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total transaction of $368,525.20. Following the completion of the transaction, the chief executive officer now directly owns 19,478 shares in the company, valued at approximately $4,010,130.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Ewout L. Steenbergen sold 4,000 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $194.20, for a total transaction of $776,800.00. Following the completion of the sale, the chief financial officer now directly owns 5,239 shares in the company, valued at approximately $1,017,413.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,041 shares of company stock valued at $3,805,815. Corporate insiders own 0.20% of the company’s stock.

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S&P Global 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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