S&P Global Inc. (NYSE:SPGI) Shares Sold by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group cut its stake in S&P Global Inc. (NYSE:SPGI) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,130 shares of the business services provider’s stock after selling 35 shares during the period. Rehmann Capital Advisory Group’s holdings in S&P Global were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of SPGI. Norges Bank purchased a new position in S&P Global during the fourth quarter valued at $1,652,862,000. Wellington Management Group LLP increased its stake in S&P Global by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares in the last quarter. Capital International Investors raised its holdings in shares of S&P Global by 12.6% during the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after acquiring an additional 616,732 shares during the last quarter. Alecta Tjanstepension Omsesidigt lifted its position in shares of S&P Global by 109.1% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 575,000 shares of the business services provider’s stock valued at $253,339,000 after acquiring an additional 300,000 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of S&P Global by 24.4% in the fourth quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock worth $662,013,000 after acquiring an additional 294,896 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock traded up $3.75 during mid-day trading on Wednesday, hitting $464.05. The stock had a trading volume of 626,855 shares, compared to its average volume of 1,266,901. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $464.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50-day simple moving average is $436.64 and its 200-day simple moving average is $432.59. The firm has a market cap of $145.20 billion, a PE ratio of 51.61, a PEG ratio of 2.53 and a beta of 1.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Sell-side analysts anticipate that S&P Global Inc. will post 14.14 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.78%. S&P Global’s payout ratio is currently 40.81%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer increased their price objective on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a report on Monday, July 1st. UBS Group raised their target price on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley upped their price target on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, July 5th. Finally, Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $485.60.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.