Mn Services Vermogensbeheer B.V. Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

Mn Services Vermogensbeheer B.V. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,065 shares of the business services provider’s stock after selling 2,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in S&P Global were worth $57,117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Capital Management LLC grew its position in shares of S&P Global by 2.7% during the fourth quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after buying an additional 461 shares in the last quarter. Artisan Partners Limited Partnership grew its position in shares of S&P Global by 15.7% during the fourth quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock worth $618,369,000 after buying an additional 190,758 shares in the last quarter. Citizens Financial Group Inc. RI grew its position in shares of S&P Global by 54.2% during the fourth quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock worth $1,397,000 after buying an additional 1,115 shares in the last quarter. Mountain Pacific Investment Advisers Inc. ID grew its position in shares of S&P Global by 0.3% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 20,215 shares of the business services provider’s stock worth $8,905,000 after buying an additional 51 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after buying an additional 2,962 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock traded up $1.87 during trading hours on Friday, hitting $500.59. The stock had a trading volume of 679,849 shares, compared to its average volume of 1,240,709. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $502.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.92. The stock’s 50 day moving average is $473.07 and its 200 day moving average is $443.19. The firm has a market capitalization of $156.63 billion, a PE ratio of 56.12, a PEG ratio of 2.55 and a beta of 1.16.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the prior year, the business earned $3.12 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, research analysts forecast that S&P Global Inc. will post 14.58 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, August 27th. S&P Global’s payout ratio is 40.81%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of analyst reports. UBS Group boosted their price objective on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Bank of America upped their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets upped their price target on S&P Global from $532.00 to $537.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays upped their price target on S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $530.75.

Insiders Place Their Bets

In other S&P Global news, insider Edouard Tavernier sold 500 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the transaction, the insider now owns 13,217 shares in the company, valued at $6,496,816.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other S&P Global news, EVP Steven J. Kemps sold 2,700 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total value of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at $715,205.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edouard Tavernier sold 500 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the completion of the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is owned by corporate insiders.

About S&P Global

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.