Deseret Mutual Benefit Administrators Lowers Stake in S&P Global Inc. (NYSE:SPGI)

Deseret Mutual Benefit Administrators decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 21.0% in the third quarter, HoldingsChannel.com reports. The firm owned 418 shares of the business services provider’s stock after selling 111 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in S&P Global were worth $216,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after buying an additional 2,962 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in S&P Global during the 1st quarter worth $2,236,000. O Shaughnessy Asset Management LLC grew its holdings in shares of S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after buying an additional 6,162 shares in the last quarter. Nwam LLC raised its position in shares of S&P Global by 45.5% in the first quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after buying an additional 326 shares during the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of S&P Global by 38.9% in the first quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock worth $6,252,000 after buying an additional 4,114 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.0 %

Shares of SPGI stock opened at $489.53 on Thursday. The company has a 50-day moving average of $511.49 and a two-hundred day moving average of $474.78. The firm has a market cap of $151.90 billion, a PE ratio of 43.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. S&P Global Inc. has a 1-year low of $382.12 and a 1-year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $3.21 EPS. On average, analysts predict that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays upped their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. reduced their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

About S&P Global

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.