MetLife Investment Management LLC Has $42.95 Million Position in S&P Global Inc. (NYSE:SPGI)

MetLife Investment Management LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 83,137 shares of the business services provider’s stock after selling 2,118 shares during the period. MetLife Investment Management LLC’s holdings in S&P Global were worth $42,950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Corsair Capital Management L.P. grew its stake in shares of S&P Global by 4,201.1% during the third quarter. Corsair Capital Management L.P. now owns 19,183 shares of the business services provider’s stock valued at $9,910,000 after purchasing an additional 18,737 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in S&P Global by 53.3% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,410 shares of the business services provider’s stock worth $729,000 after buying an additional 490 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in S&P Global by 25.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 266,952 shares of the business services provider’s stock valued at $137,913,000 after buying an additional 53,900 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of S&P Global by 9.9% in the 3rd quarter. Townsquare Capital LLC now owns 16,789 shares of the business services provider’s stock valued at $8,674,000 after buying an additional 1,518 shares during the period. Finally, Baldwin Investment Management LLC raised its position in shares of S&P Global by 0.3% during the third quarter. Baldwin Investment Management LLC now owns 9,596 shares of the business services provider’s stock worth $4,958,000 after acquiring an additional 31 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on SPGI. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Morgan Stanley lifted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Oppenheimer raised their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Up 0.6 %

NYSE:SPGI traded up $3.30 on Wednesday, reaching $525.26. The company’s stock had a trading volume of 34,419 shares, compared to its average volume of 1,208,063. The firm has a market cap of $162.99 billion, a PE ratio of 46.07, a PEG ratio of 2.66 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. The business’s 50-day moving average price is $509.20 and its two-hundred day moving average price is $483.76. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.

S&P Global (NYSE:SPGI) last posted its earnings results 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. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.21 EPS. Equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business 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 dividend of $0.91 per share. 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 0.69%. S&P Global’s payout ratio is 32.13%.

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.