FUKOKU MUTUAL LIFE INSURANCE Co Sells 203 Shares of S&P Global Inc. (NYSE:SPGI)

FUKOKU MUTUAL LIFE INSURANCE Co cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,497 shares of the business services provider’s stock after selling 203 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in S&P Global were worth $773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Balboa Wealth Partners raised its holdings in shares of S&P Global by 1.7% in the third quarter. Balboa Wealth Partners now owns 1,456 shares of the business services provider’s stock valued at $752,000 after purchasing an additional 24 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of S&P Global by 2.4% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,965 shares of the business services provider’s stock worth $4,631,000 after purchasing an additional 214 shares in the last quarter. Metis Global Partners LLC boosted its stake in shares of S&P Global by 3.7% during the 3rd quarter. Metis Global Partners LLC now owns 18,941 shares of the business services provider’s stock worth $9,785,000 after acquiring an additional 681 shares during the last quarter. Snider Financial Group boosted its position in shares of S&P Global by 34.7% during the third quarter. Snider Financial Group now owns 5,017 shares of the business services provider’s stock worth $2,592,000 after acquiring an additional 1,292 shares during the last quarter. Finally, Bretton Capital Management LLC purchased a new position in shares of S&P Global during the 3rd quarter worth about $4,805,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $510.64 on Friday. S&P Global Inc. has a 1 year low of $401.58 and a 1 year high of $533.29. The firm has a market capitalization of $158.45 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The firm’s fifty day moving average price is $510.74 and its two-hundred day moving average price is $477.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company posted $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Royal Bank of Canada raised their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Oppenheimer increased their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Morgan Stanley increased their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Barclays upped their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Company 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.