State of Alaska Department of Revenue Has $17.33 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

State of Alaska Department of Revenue trimmed its position in S&P Global Inc. (NYSE:SPGI – Get Rating) by 9.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 51,733 shares of the business services provider’s stock after selling 5,510 shares during the period. State of Alaska Department of Revenue’s holdings in S&P Global were worth $17,327,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rain Capital Management LLC boosted its holdings in S&P Global by 38.2% during the second quarter. Rain Capital Management LLC now owns 94 shares of the business services provider’s stock worth $32,000 after buying an additional 26 shares during the last quarter. Magnolia Capital Advisors LLC boosted its holdings in S&P Global by 2.0% during the third quarter. Magnolia Capital Advisors LLC now owns 1,614 shares of the business services provider’s stock worth $493,000 after buying an additional 31 shares during the last quarter. PAX Financial Group LLC boosted its holdings in S&P Global by 1.5% during the third quarter. PAX Financial Group LLC now owns 2,195 shares of the business services provider’s stock worth $670,000 after buying an additional 32 shares during the last quarter. One Wealth Advisors LLC boosted its holdings in S&P Global by 4.2% during the second quarter. One Wealth Advisors LLC now owns 866 shares of the business services provider’s stock worth $292,000 after buying an additional 35 shares during the last quarter. Finally, Wealth Architects LLC boosted its holdings in S&P Global by 5.4% during the third quarter. Wealth Architects LLC now owns 684 shares of the business services provider’s stock worth $209,000 after buying an additional 35 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SPGI. StockNews.com began coverage on S&P Global in a report on Thursday. They set a “hold” rating on the stock. Raymond James lifted their price objective on S&P Global from $398.00 to $402.00 and gave the company an “outperform” rating in a report on Friday, February 10th. BMO Capital Markets lifted their price objective on S&P Global from $355.00 to $393.00 and gave the company an “outperform” rating in a report on Monday, November 28th. Credit Suisse Group lifted their price objective on S&P Global from $385.00 to $395.00 and gave the company an “outperform” rating in a report on Friday, February 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on S&P Global from $362.00 to $379.00 in a report on Monday, December 5th. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $393.56.

S&P Global Stock Performance

Shares of SPGI stock traded down $5.41 during trading on Friday, reaching $334.49. 3,418,186 shares of the company’s stock were exchanged, compared to its average volume of 1,450,333. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $107.71 billion, a PE ratio of 31.86, a PEG ratio of 2.27 and a beta of 1.12. S&P Global Inc. has a twelve month low of $279.32 and a twelve month high of $423.55. The firm’s fifty day moving average price is $356.28 and its 200-day moving average price is $341.36.

S&P Global (NYSE:SPGI – Get Rating) last posted its earnings results on Thursday, February 9th. The business services provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.07. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.88 billion. S&P Global had a return on equity of 9.84% and a net margin of 29.05%. The firm’s revenue was up 40.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.15 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 12.45 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were paid a $0.90 dividend. The ex-dividend date was Thursday, February 23rd. This is an increase from S&P Global’s previous quarterly dividend of $0.85. This represents a $3.60 annualized dividend and a yield of 1.08%. S&P Global’s payout ratio is 34.29%.

Insider Activity at S&P Global

In related news, insider Saugata Saha sold 750 shares of the business’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $369.47, for a total value of $277,102.50. Following the completion of the sale, the insider now directly owns 3,337 shares in the company, valued at approximately $1,232,921.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Sally Moore sold 3,499 shares of the company’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $367.30, for a total transaction of $1,285,182.70. Following the completion of the sale, the executive vice president now directly owns 4,957 shares in the company, valued at approximately $1,820,706.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Saugata Saha sold 750 shares of the company’s stock in a transaction on Tuesday, February 14th. The stock was sold at an average price of $369.47, for a total value of $277,102.50. Following the sale, the insider now owns 3,337 shares of the company’s stock, valued at $1,232,921.39. The disclosure for this sale can be found here. Insiders sold 11,749 shares of company stock worth $4,266,185 in the last ninety days. 0.10% of the stock is owned by company insiders.

S&P Global Company Profile

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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. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.