S&P Global Inc. $SPGI Position Lessened by TIAA Trust National Association

TIAA Trust National Association lowered its position in S&P Global Inc. (NYSE:SPGI) by 8.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,521 shares of the business services provider’s stock after selling 2,384 shares during the quarter. TIAA Trust National Association’s holdings in S&P Global were worth $13,457,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. MUFG Securities EMEA plc acquired a new stake in shares of S&P Global during the 2nd quarter valued at about $14,237,000. Harel Insurance Investments & Financial Services Ltd. raised its position in S&P Global by 15.6% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,124 shares of the business services provider’s stock valued at $593,000 after acquiring an additional 152 shares in the last quarter. Triglav Investments D.O.O. lifted its stake in S&P Global by 96.4% in the second quarter. Triglav Investments D.O.O. now owns 2,750 shares of the business services provider’s stock valued at $1,450,000 after acquiring an additional 1,350 shares during the last quarter. GHP Investment Advisors Inc. grew its position in S&P Global by 4.5% in the second quarter. GHP Investment Advisors Inc. now owns 14,275 shares of the business services provider’s stock worth $7,527,000 after acquiring an additional 619 shares in the last quarter. Finally, Plato Investment Management Ltd increased its stake in shares of S&P Global by 37.5% during the 2nd quarter. Plato Investment Management Ltd now owns 10,257 shares of the business services provider’s stock worth $5,389,000 after purchasing an additional 2,799 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SPGI shares. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Evercore ISI raised their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $538.00 price target on shares of S&P Global in a research note on Friday. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Stifel Nicolaus reduced their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $612.38.

S&P Global Stock Down 0.9%

Shares of SPGI opened at $487.37 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day simple moving average of $507.44 and a 200-day simple moving average of $515.66. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm has a market capitalization of $148.80 billion, a P/E ratio of 37.49, a P/E/G ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion for the quarter. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s payout ratio is currently 27.93%.

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.