S&P Global Inc. (NYSE:SPGI) Stock Holdings Trimmed by Securian Asset Management Inc.

Securian Asset Management Inc. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,072 shares of the business services provider’s stock after selling 622 shares during the period. Securian Asset Management Inc.’s holdings in S&P Global were worth $8,502,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB raised its stake in shares of S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after buying an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC raised its stake in shares of S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after buying an additional 28 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter worth $31,000. Assetmark Inc. raised its stake in shares of S&P Global by 19.1% in the 3rd quarter. Assetmark Inc. now owns 1,298 shares of the business services provider’s stock worth $671,000 after buying an additional 208 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its stake in shares of S&P Global by 10.4% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 1,351 shares of the business services provider’s stock worth $698,000 after buying an additional 127 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $480.51 on Wednesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $147.90 billion, a PE ratio of 38.91, a P/E/G ratio of 2.41 and a beta of 1.20. The stock has a 50-day simple moving average of $514.52 and a 200 day simple moving average of $511.46.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the business posted $3.13 earnings per share. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.80%. S&P Global’s dividend payout ratio is 31.09%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Mizuho assumed coverage on S&P Global in a research report on Wednesday. They set an “outperform” rating and a $599.00 target price on the stock. Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $590.86.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.