Securian Asset Management Inc. Sells 185 Shares of S&P Global Inc. $SPGI

Securian Asset Management Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,488 shares of the business services provider’s stock after selling 185 shares during the quarter. Securian Asset Management Inc.’s holdings in S&P Global were worth $8,694,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Pittenger & Anderson Inc. lifted its position in S&P Global by 3.3% in the 2nd quarter. Pittenger & Anderson Inc. now owns 51,734 shares of the business services provider’s stock valued at $27,279,000 after acquiring an additional 1,651 shares in the last quarter. Phoenix Financial Ltd. bought a new stake in S&P Global during the 2nd quarter worth about $1,349,000. DekaBank Deutsche Girozentrale lifted its position in S&P Global by 11.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 221,303 shares of the business services provider’s stock worth $115,410,000 after buying an additional 23,546 shares in the last quarter. Bogart Wealth LLC lifted its position in S&P Global by 4.0% during the 2nd quarter. Bogart Wealth LLC now owns 26,175 shares of the business services provider’s stock worth $13,802,000 after buying an additional 1,017 shares in the last quarter. Finally, Canvas Wealth Advisors LLC lifted its position in S&P Global by 3.7% during the 2nd quarter. Canvas Wealth Advisors LLC now owns 645 shares of the business services provider’s stock worth $342,000 after buying an additional 23 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SPGI shares. Mizuho boosted their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Morgan Stanley boosted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. UBS Group boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $614.23.

S&P Global Stock Up 1.0%

S&P Global stock opened at $477.73 on Tuesday. The firm has a market capitalization of $145.85 billion, a PE ratio of 36.75, a P/E/G ratio of 2.50 and a beta of 1.19. The company’s 50-day moving average is $520.17 and its 200-day moving average is $513.60. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

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

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is 29.54%.

S&P Global 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.