Axa S.A. Cuts Stock Holdings in S&P Global Inc. $SPGI

Axa S.A. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 194,412 shares of the business services provider’s stock after selling 6,912 shares during the period. Axa S.A.’s holdings in S&P Global were worth $102,512,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPGI. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new position in shares of S&P Global in the second quarter valued at about $1,055,000. Sagard Holdings Management Inc. bought a new stake in shares of S&P Global in the second quarter worth about $60,000. Gerber Kawasaki Wealth & Investment Management increased its holdings in S&P Global by 6.6% during the 2nd quarter. Gerber Kawasaki Wealth & Investment Management now owns 534 shares of the business services provider’s stock valued at $282,000 after purchasing an additional 33 shares during the period. Crestmont Private Wealth LLC raised its position in S&P Global by 2.2% during the 2nd quarter. Crestmont Private Wealth LLC now owns 1,682 shares of the business services provider’s stock valued at $887,000 after purchasing an additional 36 shares during the last quarter. Finally, L2 Asset Management LLC lifted its holdings in S&P Global by 1.7% in the 2nd quarter. L2 Asset Management LLC now owns 1,375 shares of the business services provider’s stock worth $725,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.3%

NYSE:SPGI opened at $491.97 on Tuesday. The company has a market cap of $148.97 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $489.04 and a two-hundred day simple moving average of $515.16. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. Research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is currently 27.93%.

Analyst Ratings Changes

Several analysts recently weighed in on SPGI shares. Wells Fargo & Company lifted their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Tuesday, December 2nd. Mizuho increased their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Stifel Nicolaus lowered their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Company Profile

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.