S&P Global Inc. (NYSE:SPGI) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,861 shares of the business services provider’s stock after selling 115 shares during the quarter. State of Alaska Department of Revenue’s holdings in S&P Global were worth $14,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in S&P Global in the 4th quarter valued at about $1,652,862,000. Wellington Management Group LLP grew its holdings in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after buying an additional 881,215 shares during the period. Capital International Investors grew its holdings in S&P Global by 12.6% in the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after buying an additional 616,732 shares during the period. Morgan Stanley grew its holdings in S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after buying an additional 428,737 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in S&P Global by 35.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock valued at $430,827,000 after buying an additional 308,683 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPGI. BMO Capital Markets increased their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, June 21st. Stifel Nicolaus raised their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Finally, Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $468.33.

S&P Global Trading Down 0.2 %

S&P Global stock opened at $449.41 on Thursday. The company’s fifty day simple moving average is $432.79 and its 200-day simple moving average is $431.89. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16. The stock has a market cap of $140.62 billion, a P/E ratio of 50.38, a P/E/G ratio of 2.50 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. As a group, sell-side analysts forecast that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio is 40.81%.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.