Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 526,551 shares of the business services provider’s stock after selling 6,439 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of S&P Global worth $76,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. boosted its stake in shares of S&P Global by 0.3% in the second quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock worth $294,000 after buying an additional 6 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after buying an additional 10 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock worth $1,017,000 after buying an additional 30 shares during the last quarter. TNB Financial boosted its stake in shares of S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock worth $321,000 after buying an additional 42 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after buying an additional 50 shares during the last quarter. 84.35% of the stock is owned by institutional investors.

S&P Global Inc. (NYSE:SPGI) opened at 151.27 on Friday. The stock has a market cap of $38.88 billion, a PE ratio of 17.62 and a beta of 1.52. S&P Global Inc. has a 12-month low of $107.21 and a 12-month high of $158.35. The firm has a 50-day moving average price of $151.14 and a 200-day moving average price of $139.62.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. S&P Global’s revenue was up 1.8% on a year-over-year basis. Analysts forecast that S&P Global Inc. will post $6.34 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be issued a dividend of $0.41 per share. The ex-dividend date is Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.08%. S&P Global’s payout ratio is presently 19.16%.

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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $166.00 target price for the company in a report on Monday, August 14th. BMO Capital Markets boosted their target price on S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. UBS AG boosted their target price on S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and set a $146.00 target price (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. Finally, Barclays PLC boosted their target price on S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $155.10.

In related news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the sale, the senior vice president now owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marco Alvera bought 400 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the acquisition, the director now directly owns 400 shares of the company’s stock, valued at approximately $56,036. The disclosure for this purchase can be found here. Corporate insiders own 0.20% of the company’s stock.

About S&P Global

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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