S&P Global Inc. (NYSE:SPGI) Stock Position Decreased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 788,753 shares of the business services provider’s stock after selling 5,511 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of S&P Global worth $335,575,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SPGI. Norges Bank bought a new stake in shares of S&P Global during the 4th quarter valued at about $1,652,862,000. Wellington Management Group LLP grew its position in shares of S&P Global by 13.2% during 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 last quarter. Capital International Investors grew its position 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 worth $2,423,762,000 after purchasing an additional 616,732 shares during the last quarter. Morgan Stanley grew its position 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 worth $2,067,807,000 after purchasing an additional 428,737 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position 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 worth $430,827,000 after purchasing an additional 308,683 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock traded up $0.56 on Wednesday, hitting $451.01. The company had a trading volume of 61,687 shares, compared to its average volume of 1,279,012. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16. The company has a market cap of $141.12 billion, a PE ratio of 50.50, a PEG ratio of 2.48 and a beta of 1.16. The business has a 50-day simple moving average of $432.04 and a 200-day simple moving average of $431.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last released its 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 during the quarter, compared to analyst estimates of $3.39 billion. Research analysts expect that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays upped their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus upped their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, June 21st. Finally, Oppenheimer upped their target price on shares of S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $468.33.

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.