Robeco Institutional Asset Management B.V. Sells 36,651 Shares of S&P Global Inc. (NYSE:SPGI)

Robeco Institutional Asset Management B.V. reduced its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 683,866 shares of the business services provider's stock after selling 36,651 shares during the quarter. S&P Global makes up about 0.7% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 29th largest position. Robeco Institutional Asset Management B.V. owned 0.22% of S&P Global worth $347,472,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SPGI. Geode Capital Management LLC boosted its holdings in S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after acquiring an additional 116,208 shares in the last quarter. Norges Bank bought a new position in shares of S&P Global in the 4th quarter worth $1,725,084,000. Northern Trust Corp grew its position in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock valued at $1,529,653,000 after purchasing an additional 357,790 shares in the last quarter. Finally, Amundi lifted its stake in shares of S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after buying an additional 145,434 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Robert W. Baird dropped their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. UBS Group increased their price target on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $592.71.

S&P Global Stock Down 1.0%

NYSE:SPGI traded down $5.41 during mid-day trading on Thursday, hitting $515.88. 1,301,005 shares of the company's stock were exchanged, compared to its average volume of 1,234,914. S&P Global Inc. has a one year low of $427.14 and a one year high of $545.39. The business has a fifty day moving average price of $504.21 and a 200 day moving average price of $503.51. The company has a market cap of $158.22 billion, a PE ratio of 40.52, a P/E/G ratio of 2.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the company posted $4.01 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is 30.16%.

Insider Buying and Selling

In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.