S&P Global Inc. $SPGI Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,767 shares of the business services provider’s stock after selling 391 shares during the quarter. Intech Investment Management LLC’s holdings in S&P Global were worth $6,205,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the period. Diversify Advisory Services LLC acquired a new stake in S&P Global in the 1st quarter valued at $430,000. OneAscent Family Office LLC purchased a new position in S&P Global in the first quarter valued at about $216,000. Elyxium Wealth LLC acquired a new position in shares of S&P Global during the first quarter worth about $270,000. Finally, CBIZ Investment Advisory Services LLC boosted its position 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. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Barclays increased their price objective on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Citigroup boosted their target price 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. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Finally, BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research note on Friday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $613.00.

S&P Global Stock Down 1.8%

SPGI stock opened at $493.97 on Monday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $149.58 billion, a P/E ratio of 38.00, a PEG ratio of 2.50 and a beta of 1.17. The firm has a 50 day simple moving average of $497.60 and a 200-day simple moving average of $517.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm 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%. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal 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 paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 27.93%.

About S&P Global

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.