Sei Investments Co. Boosts Stock Position in S&P Global Inc. $SPGI

Sei Investments Co. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 7.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 398,004 shares of the business services provider’s stock after buying an additional 27,946 shares during the period. Sei Investments Co.’s holdings in S&P Global were worth $209,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Vanguard Group Inc. raised its position in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after acquiring an additional 315,916 shares during the period. TCI Fund Management Ltd. grew its position in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares during the period. Geode Capital Management LLC increased its stake in shares of S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock worth $3,565,889,000 after purchasing an additional 42,724 shares in the last quarter. Norges Bank acquired a new position in shares of S&P Global during the 2nd quarter worth about $2,188,945,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of S&P Global by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after purchasing an additional 114,843 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $490.74 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50 day simple moving average of $489.30 and a 200-day simple moving average of $514.84. The firm has a market capitalization of $148.60 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 2.55 and a beta of 1.19. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last announced 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 for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. Equities research 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 business also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, November 25th. S&P Global’s payout ratio is currently 27.93%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Mizuho raised their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. BMO Capital Markets set a $546.00 price target on S&P Global in a research note on Friday, November 14th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Evercore ISI raised their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Two investment 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 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.