Mutual of America Capital Management LLC Trims Holdings in S&P Global Inc. $SPGI

Mutual of America Capital Management LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 36,000 shares of the business services provider’s stock after selling 633 shares during the quarter. Mutual of America Capital Management LLC’s holdings in S&P Global were worth $18,982,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth $26,000. Costello Asset Management INC purchased a new position in S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the 2nd quarter worth about $26,000. Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPGI shares. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Mizuho boosted their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Evercore ISI lifted their target price on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Finally, Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $614.23.

S&P Global Stock Up 0.4%

Shares of NYSE SPGI opened at $473.76 on Friday. The stock has a fifty day moving average price of $521.74 and a 200 day moving average price of $513.25. 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 12-month low of $427.14 and a 12-month high of $579.05. The company has a market cap of $144.64 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is presently 29.54%.

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.