Great Lakes Retirement Inc. Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Great Lakes Retirement Inc. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,429 shares of the business services provider’s stock after selling 80 shares during the quarter. Great Lakes Retirement Inc.’s holdings in S&P Global were worth $2,206,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Nordea Investment Management AB increased its stake in shares of S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management boosted its position in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the period. Sanctuary Advisors LLC grew its holdings in S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after acquiring an additional 3,093 shares during the last quarter. Eastern Bank increased its position in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in shares of S&P Global during the third quarter valued at about $27,170,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. UBS Group boosted their price target 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. Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company reduced their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Trading Up 4.9 %

Shares of NYSE SPGI opened at $540.80 on Wednesday. The firm’s 50 day moving average price is $505.68 and its 200-day moving average price is $506.00. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $542.00. 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 company has a market cap of $167.81 billion, a PE ratio of 47.73, a P/E/G ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the business posted $3.13 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 15.34 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.71%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 32.13%.

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.