BlackRock Inc. Has $3.54 Billion Holdings in S&P Global Inc (SPGI)

BlackRock Inc. lowered its stake in shares of S&P Global Inc (NYSE:SPGI) by 1.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,137,937 shares of the business services provider’s stock after selling 215,562 shares during the period. BlackRock Inc. owned 0.07% of S&P Global worth $3,543,969,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its holdings in shares of S&P Global by 10.8% during the 2nd quarter. IFP Advisors Inc now owns 2,676 shares of the business services provider’s stock valued at $546,000 after purchasing an additional 261 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of S&P Global by 6.0% during the 2nd quarter. BB&T Securities LLC now owns 5,252 shares of the business services provider’s stock valued at $1,071,000 after purchasing an additional 298 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of S&P Global by 3.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 9,768 shares of the business services provider’s stock valued at $1,909,000 after purchasing an additional 298 shares during the last quarter. Intrust Bank NA lifted its holdings in shares of S&P Global by 9.0% during the 2nd quarter. Intrust Bank NA now owns 3,611 shares of the business services provider’s stock valued at $736,000 after purchasing an additional 299 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of S&P Global by 0.8% during the 2nd quarter. CIBC Asset Management Inc now owns 39,715 shares of the business services provider’s stock valued at $8,097,000 after purchasing an additional 312 shares during the last quarter. Institutional investors own 82.92% of the company’s stock.

Several brokerages have recently commented on SPGI. BMO Capital Markets increased their price objective on S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a report on Friday, July 27th. Morgan Stanley raised their target price on S&P Global from $217.00 to $219.00 and gave the stock an “equal weight” rating in a research note on Friday, July 27th. Atlantic Securities lowered S&P Global from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Raymond James reduced their target price on S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Finally, Zacks Investment Research lowered S&P Global from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $208.00.

Shares of SPGI stock opened at $177.64 on Friday. The firm has a market capitalization of $44.03 billion, a P/E ratio of 25.78, a PEG ratio of 1.43 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82. S&P Global Inc has a 1 year low of $162.25 and a 1 year high of $217.31.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.10. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. Analysts forecast that S&P Global Inc will post 8.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, November 27th. S&P Global’s dividend payout ratio is currently 29.03%.

In other S&P Global news, SVP Nancy Luquette sold 225 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $183.51, for a total transaction of $41,289.75. Following the sale, the senior vice president now directly owns 306 shares of the company’s stock, valued at approximately $56,154.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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