Shell Asset Management Co. Lowers Position in S&P Global Inc (NYSE:SPGI)

Shell Asset Management Co. cut its stake in shares of S&P Global Inc (NYSE:SPGI) by 18.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 38,240 shares of the business services provider’s stock after selling 8,648 shares during the quarter. Shell Asset Management Co.’s holdings in S&P Global were worth $9,371,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in S&P Global during the fourth quarter valued at about $619,639,000. Capital World Investors raised its holdings in S&P Global by 997.2% during the fourth quarter. Capital World Investors now owns 1,784,941 shares of the business services provider’s stock valued at $487,378,000 after acquiring an additional 1,622,256 shares during the period. MUFG Securities EMEA plc raised its holdings in S&P Global by 1,326.3% during the fourth quarter. MUFG Securities EMEA plc now owns 476,400 shares of the business services provider’s stock valued at $130,081,000 after acquiring an additional 443,000 shares during the period. Bank of New York Mellon Corp raised its holdings in S&P Global by 9.6% during the first quarter. Bank of New York Mellon Corp now owns 2,728,997 shares of the business services provider’s stock valued at $668,740,000 after acquiring an additional 239,068 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in S&P Global by 59.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 604,006 shares of the business services provider’s stock valued at $164,924,000 after acquiring an additional 226,081 shares during the period. Institutional investors own 83.66% of the company’s stock.

A number of equities research analysts have commented on the company. Morgan Stanley raised their price target on S&P Global from $290.00 to $316.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Cantor Fitzgerald raised their price target on S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, February 7th. UBS Group raised their price target on S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Co lifted their target price on S&P Global from $250.00 to $260.00 in a report on Thursday, April 30th. Finally, Stifel Nicolaus reduced their target price on S&P Global from $322.00 to $280.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $293.62.

SPGI traded up $1.10 on Friday, hitting $311.86. The company had a trading volume of 621,180 shares, compared to its average volume of 1,322,260. The company has a market cap of $74.87 billion, a PE ratio of 32.62, a PEG ratio of 3.09 and a beta of 1.04. S&P Global Inc has a 12-month low of $186.05 and a 12-month high of $317.29. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 8.52. The business’s fifty day simple moving average is $282.87 and its 200 day simple moving average is $274.67.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $2.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.36 by $0.37. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.67 billion. S&P Global had a return on equity of 758.90% and a net margin of 34.02%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $2.11 earnings per share. On average, analysts anticipate that S&P Global Inc will post 10.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.68 annualized dividend and a yield of 0.86%. S&P Global’s dividend payout ratio is currently 28.12%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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