S&P Global Inc. (NYSE:SPGI) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,064 shares of the business services provider’s stock after selling 405 shares during the quarter. New York Life Investment Management LLC’s holdings in S&P Global were worth $23,439,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPGI. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in S&P Global in the third quarter valued at $224,976,000. FMR LLC lifted its holdings in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in S&P Global in the fourth quarter valued at $144,091,000. Wellington Management Group LLP increased its position in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of S&P Global by 52.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock valued at $358,839,000 after buying an additional 249,242 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.9 %

S&P Global stock opened at $528.65 on Thursday. The stock has a market cap of $162.72 billion, a PE ratio of 42.81, a P/E/G ratio of 2.41 and a beta of 1.20. The stock has a 50-day moving average price of $512.12 and a 200 day moving average price of $510.22. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the business posted $3.13 earnings per share. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.73%. S&P Global’s payout ratio is 31.09%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on SPGI shares. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Morgan Stanley raised their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

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.