S&P Global Inc. $SPGI Position Lowered by Jackson Square Partners LLC

Jackson Square Partners LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 13.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 10,999 shares of the business services provider’s stock after selling 1,637 shares during the quarter. S&P Global makes up approximately 2.1% of Jackson Square Partners LLC’s investment portfolio, making the stock its 10th biggest position. Jackson Square Partners LLC’s holdings in S&P Global were worth $5,800,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of SPGI. Valeo Financial Advisors LLC lifted its position in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after buying an additional 3,163,938 shares in the last quarter. Nuveen LLC acquired a new stake in shares of S&P Global in the first quarter worth $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in S&P Global by 70.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after purchasing an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after buying an additional 614,809 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of S&P Global by 37.9% during the 1st quarter. Alliancebernstein L.P. now owns 766,154 shares of the business services provider’s stock valued at $389,283,000 after buying an additional 210,373 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPGI shares. JPMorgan Chase & Co. decreased their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Evercore ISI raised their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. BMO Capital Markets reaffirmed an “outperform” rating and set a $538.00 target price on shares of S&P Global in a research report on Friday, October 31st. Finally, Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $612.38.

S&P Global Stock Performance

NYSE:SPGI opened at $495.89 on Friday. The company has a 50-day moving average of $502.04 and a 200-day moving average of $516.17. The firm has a market cap of $150.15 billion, a price-to-earnings ratio of 38.15, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI) last released its earnings results 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%. Analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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