S&P Global Inc. (NYSE:SPGI) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,605 shares of the business services provider’s stock after selling 6,933 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in S&P Global were worth $58,073,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its holdings in S&P Global by 0.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 47,864 shares of the business services provider’s stock worth $23,837,000 after acquiring an additional 262 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of S&P Global by 64.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 14,796 shares of the business services provider’s stock worth $7,369,000 after purchasing an additional 5,809 shares during the last quarter. MML Investors Services LLC grew its stake in S&P Global by 9.6% in the fourth quarter. MML Investors Services LLC now owns 39,904 shares of the business services provider’s stock worth $19,873,000 after purchasing an additional 3,508 shares in the last quarter. MetLife Investment Management LLC increased its holdings in S&P Global by 1.0% in the fourth quarter. MetLife Investment Management LLC now owns 83,960 shares of the business services provider’s stock valued at $41,815,000 after buying an additional 823 shares during the last quarter. Finally, Norinchukin Bank The raised its stake in S&P Global by 0.5% during the fourth quarter. Norinchukin Bank The now owns 102,403 shares of the business services provider’s stock valued at $51,000,000 after buying an additional 545 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $462.55 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $499.33 and its 200 day moving average price is $504.47. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The firm has a market cap of $145.17 billion, a P/E ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26.

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

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SPGI shares. UBS Group lifted 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. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a “buy” rating and a $600.00 price target on the stock. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $591.86.

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.