Mutual of America Capital Management LLC Reduces Holdings in S&P Global Inc. (NYSE:SPGI)

Mutual of America Capital Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 39,431 shares of the business services provider’s stock after selling 937 shares during the quarter. Mutual of America Capital Management LLC’s holdings in S&P Global were worth $20,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of S&P Global by 107.2% in the second 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 during the last quarter. Quadrature Capital Ltd purchased a new position in S&P Global during the first quarter valued at approximately $2,236,000. O Shaughnessy Asset Management LLC lifted its holdings in 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 valued at $14,756,000 after purchasing an additional 6,162 shares in the last quarter. GDS Wealth Management lifted its holdings in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in S&P Global by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after purchasing an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.4 %

Shares of SPGI opened at $503.29 on Friday. The company’s fifty day moving average is $510.47 and its 200 day moving average is $479.18. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29. The stock has a market capitalization of $156.17 billion, a PE ratio of 44.42, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business posted $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Barclays boosted their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

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.