S&P Global Inc. (NYSE:SPGI) Shares Sold by Progressive Investment Management Corp

Progressive Investment Management Corp decreased its position in S&P Global Inc. (NYSE:SPGI) by 1.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 29,396 shares of the business services provider’s stock after selling 519 shares during the period. S&P Global makes up approximately 3.9% of Progressive Investment Management Corp’s holdings, making the stock its 9th biggest position. Progressive Investment Management Corp’s holdings in S&P Global were worth $15,187,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SPGI. Capital International Investors increased its holdings in S&P Global by 5.3% during the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after purchasing an additional 291,712 shares in the last quarter. Legal & General Group Plc boosted its holdings in S&P Global by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after acquiring an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after acquiring an additional 298,645 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of S&P Global by 1.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after acquiring an additional 20,624 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of S&P Global by 4.3% in the second quarter. Mackenzie Financial Corp now owns 1,396,304 shares of the business services provider’s stock valued at $622,752,000 after purchasing an additional 57,159 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Oppenheimer boosted their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Down 0.1 %

Shares of NYSE:SPGI opened at $502.31 on Wednesday. The firm has a fifty day moving average of $509.86 and a 200 day moving average of $480.77. S&P Global Inc. has a 52-week low of $407.53 and a 52-week high of $533.29. 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 firm has a market capitalization of $155.87 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.21 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. 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 0.72%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

S&P Global 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.