Railway Pension Investments Ltd Sells 29,800 Shares of S&P Global Inc. $SPGI

Railway Pension Investments Ltd cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 13.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,900 shares of the business services provider’s stock after selling 29,800 shares during the quarter. S&P Global makes up approximately 1.4% of Railway Pension Investments Ltd’s portfolio, making the stock its 17th biggest position. Railway Pension Investments Ltd’s holdings in S&P Global were worth $98,023,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Lido Advisors LLC increased its position in S&P Global by 9.7% during the 2nd quarter. Lido Advisors LLC now owns 19,617 shares of the business services provider’s stock valued at $10,344,000 after purchasing an additional 1,738 shares during the period. Berry Wealth Group LP lifted its position in shares of S&P Global by 3.9% in the 2nd quarter. Berry Wealth Group LP now owns 846 shares of the business services provider’s stock worth $446,000 after purchasing an additional 32 shares during the period. West Family Investments Inc. boosted its stake in shares of S&P Global by 40.9% in the 2nd quarter. West Family Investments Inc. now owns 1,516 shares of the business services provider’s stock valued at $799,000 after purchasing an additional 440 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of S&P Global by 10.6% in the 2nd quarter. Schroder Investment Management Group now owns 285,865 shares of the business services provider’s stock valued at $150,734,000 after purchasing an additional 27,431 shares during the last quarter. Finally, Mackenzie Financial Corp raised its stake in S&P Global by 1.4% during the second quarter. Mackenzie Financial Corp now owns 1,170,813 shares of the business services provider’s stock worth $617,358,000 after buying an additional 16,498 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.7%

SPGI opened at $499.15 on Friday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The firm has a market capitalization of $151.14 billion, a PE ratio of 38.40, a P/E/G ratio of 2.50 and a beta of 1.17. 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 company’s 50-day moving average is $488.69 and its 200 day moving average is $516.09.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm 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%. As a group, research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 given a $0.96 dividend. 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 presently 27.93%.

Analyst Ratings Changes

A number of brokerages have commented on SPGI. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Citigroup lifted their price objective on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. 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 note on Friday, October 31st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.