S&P Global Inc. $SPGI Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 44.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,698 shares of the business services provider’s stock after selling 1,340 shares during the period. SBI Securities Co. Ltd.’s holdings in S&P Global were worth $895,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Cheviot Value Management LLC purchased a new position in S&P Global in the first quarter valued at $26,000. Costello Asset Management INC purchased a new position in S&P Global in the first quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of S&P Global in the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC grew its stake in shares of 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 purchasing an additional 31 shares in the last quarter. Finally, eCIO Inc. acquired a new stake in S&P Global in the first quarter valued at $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.4%

S&P Global stock opened at $502.71 on Friday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50 day moving average price is $498.47 and its 200 day moving average price is $516.80. The company has a market cap of $152.22 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business 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%. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Investors 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 yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio is 27.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Evercore ISI raised their target price on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Mizuho upped their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Wells Fargo & Company boosted their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, S&P Global has a consensus rating of “Buy” and an average target price of $612.38.

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.