Aviva PLC Sells 2,124 Shares of S&P Global Inc. $SPGI

Aviva PLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 351,092 shares of the business services provider’s stock after selling 2,124 shares during the period. Aviva PLC’s holdings in S&P Global were worth $185,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cheviot Value Management LLC purchased a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC bought a new position in shares of S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the second quarter worth $26,000. CBIZ Investment Advisory Services LLC increased its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares during the period. Finally, eCIO Inc. purchased a new position in shares of S&P Global in the first quarter worth $32,000. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Barclays increased their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. BMO Capital Markets restated an “outperform” rating and set a $538.00 price target on shares of S&P Global in a report on Friday, October 31st. Finally, Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. 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.com, S&P Global presently has an average rating of “Buy” and a consensus target price of $612.38.

S&P Global Price Performance

Shares of NYSE SPGI opened at $495.89 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The stock has a market capitalization of $150.15 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17. The company’s 50-day moving average is $502.04 and its 200 day moving average is $516.17. 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 issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is currently 27.93%.

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.