S&P Global Inc. $SPGI Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 21.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 2,920 shares of the business services provider’s stock after selling 780 shares during the quarter. Cozad Asset Management Inc.’s holdings in S&P Global were worth $1,540,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after buying an additional 42,724 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of S&P Global by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after acquiring an additional 114,843 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of S&P Global by 26.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after acquiring an additional 614,809 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research note on Friday, November 14th. Wells Fargo & Company lifted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $613.00.

S&P Global Price Performance

NYSE SPGI opened at $493.50 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $149.43 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a 50 day simple moving average of $492.06 and a 200-day simple moving average of $516.65. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm had revenue of $1.87 billion for the quarter. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

S&P Global 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.