S&P Global Inc. (NYSE:SPGI) Stock Holdings Lowered by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 22.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,084 shares of the business services provider's stock after selling 4,311 shares during the quarter. Sawgrass Asset Management LLC's holdings in S&P Global were worth $7,664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of S&P Global by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank bought a new stake in shares of S&P Global in the 4th quarter worth approximately $1,725,084,000. Northern Trust Corp raised its holdings in shares of 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 worth $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of S&P Global by 13.2% in the fourth 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 worth $1,529,653,000 after acquiring an additional 357,790 shares in the last quarter. Finally, Amundi increased its position 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 worth $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.2%

SPGI stock opened at $503.85 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The company has a fifty day simple moving average of $501.16 and a 200 day simple moving average of $503.25. The firm has a market cap of $154.53 billion, a PE ratio of 39.58, a PEG ratio of 2.46 and a beta of 1.20.

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

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. Robert W. Baird dropped their target price 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. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and an average target price of $592.71.

Insider Buying and Selling

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

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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