S&P Global Inc. (NYSE:SPGI) is USS Investment Management Ltd's 8th Largest Position

USS Investment Management Ltd reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501,251 shares of the business services provider's stock after selling 746 shares during the quarter. S&P Global comprises approximately 1.8% of USS Investment Management Ltd's holdings, making the stock its 8th largest position. USS Investment Management Ltd owned about 0.16% of S&P Global worth $249,836,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in S&P Global during the fourth quarter worth $1,725,084,000. Raymond James Financial Inc. purchased a new position in S&P Global during the fourth quarter worth $527,207,000. Proficio Capital Partners LLC boosted its stake in S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after buying an additional 618,620 shares during the period. Northern Trust Corp boosted its stake in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after buying an additional 525,347 shares during the period. Finally, BlueSpruce Investments LP purchased a new position in S&P Global during the fourth quarter worth $178,858,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SPGI. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. UBS Group lifted their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Robert W. Baird decreased their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

Insider Activity at S&P Global

In related news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

S&P Global Price Performance

Shares of SPGI stock opened at $523.89 on Tuesday. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39. The firm has a market capitalization of $160.68 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock's 50-day simple moving average is $488.84 and its 200-day simple moving average is $502.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the firm earned $4.01 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. As a group, equities analysts forecast 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, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. The ex-dividend date is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global's dividend payout ratio is currently 30.16%.

About S&P Global

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.

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