Hartford Funds Management Co LLC Sells 354 Shares of S&P Global Inc. $SPGI

Hartford Funds Management Co LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 43.9% during the second quarter, HoldingsChannel reports. The firm owned 453 shares of the business services provider’s stock after selling 354 shares during the quarter. S&P Global comprises 0.0% of Hartford Funds Management Co LLC’s holdings, making the stock its 15th largest holding. Hartford Funds Management Co LLC’s holdings in S&P Global were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SPGI. Brighton Jones LLC grew its stake in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares in the last quarter. Allworth Financial LP increased its position in S&P Global by 4.7% in the 1st quarter. Allworth Financial LP now owns 2,043 shares of the business services provider’s stock valued at $983,000 after buying an additional 92 shares in the last quarter. Fortem Financial Group LLC acquired a new position in S&P Global during the 1st quarter valued at about $331,000. Kathmere Capital Management LLC increased its stake in S&P Global by 8.8% in the 1st quarter. Kathmere Capital Management LLC now owns 1,341 shares of the business services provider’s stock valued at $681,000 after buying an additional 108 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of S&P Global by 2.5% during the 1st quarter. Stephens Inc. AR now owns 11,132 shares of the business services provider’s stock valued at $5,656,000 after acquiring an additional 269 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 1.2%

Shares of SPGI stock opened at $495.89 on Monday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The stock’s 50-day simple moving average is $502.04 and its 200-day simple moving average is $516.84. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $150.15 billion, a PE ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17.

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 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%. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

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 issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is presently 27.93%.

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Mizuho increased their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Evercore ISI raised their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $612.38.

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.