S&P Global Inc. $SPGI Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 45,501 shares of the business services provider’s stock after selling 1,469 shares during the quarter. New York Life Investment Management LLC’s holdings in S&P Global were worth $22,146,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPGI. MTM Investment Management LLC acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. J.Safra Asset Management Corp acquired a new stake in S&P Global in the 3rd quarter valued at $29,000. Spurstone Advisory Services LLC purchased a new stake in S&P Global in the 2nd quarter worth $34,000. Howard Hughes Medical Institute purchased a new stake in S&P Global in the 2nd quarter worth $36,000. Finally, Solstein Capital LLC acquired a new position in S&P Global during the second quarter worth $38,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Mizuho lifted their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Evercore lifted their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $615.64.

S&P Global Trading Down 2.7%

SPGI opened at $439.44 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The company’s 50 day simple moving average is $516.11 and its two-hundred day simple moving average is $515.45. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The firm has a market capitalization of $133.06 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a dividend of $0.97 per share. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.