M&G Plc Sells 36,500 Shares of S&P Global Inc. (NYSE:SPGI)

M&G Plc lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 90.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,658 shares of the business services provider’s stock after selling 36,500 shares during the period. M&G Plc’s holdings in S&P Global were worth $1,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares in the last quarter. Quadrature Capital Ltd bought a new position in S&P Global in the first quarter worth about $2,236,000. O Shaughnessy Asset Management LLC lifted its position in shares of S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after buying an additional 6,162 shares during the last quarter. Nwam LLC boosted its holdings in shares of S&P Global by 45.5% in the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after buying an additional 326 shares in the last quarter. Finally, Banco Santander S.A. grew its position in shares of S&P Global by 38.9% in the 1st quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock worth $6,252,000 after buying an additional 4,114 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $502.82 on Friday. S&P Global Inc. has a twelve month low of $385.38 and a twelve month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $156.03 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company’s 50 day moving average is $511.07 and its 200 day moving average is $475.53.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date 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 payout ratio is currently 32.13%.

Analyst Ratings Changes

A number of equities research analysts recently commented on SPGI shares. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Morgan Stanley raised their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

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.