S&P Global Inc. $SPGI Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 493,776 shares of the business services provider’s stock after selling 55,835 shares during the quarter. Russell Investments Group Ltd.’s holdings in S&P Global were worth $259,936,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Costello Asset Management INC bought a new position in S&P Global during the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the second quarter worth about $26,000. MTM Investment Management LLC bought a new position in shares of S&P Global during the 2nd quarter worth about $27,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $494.16 on Wednesday. The business has a 50-day simple moving average of $490.04 and a two-hundred day simple moving average of $516.50. The stock has a market cap of $149.63 billion, a PE ratio of 38.01, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business 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%. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid 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 dividend payout ratio is presently 27.93%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Finally, Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average price target of $613.00.

S&P Global Company 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.