Makena Capital Management LLC Has $8.10 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Makena Capital Management LLC decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 19.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,685 shares of the business services provider's stock after selling 3,825 shares during the quarter. Makena Capital Management LLC's holdings in S&P Global were worth $8,103,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Legal & General Group Plc raised its stake in S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider's stock worth $1,260,665,000 after acquiring an additional 29,227 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the last quarter. Clearbridge Investments LLC boosted its position in S&P Global by 1.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider's stock valued at $651,682,000 after purchasing an additional 20,624 shares during the period. Mackenzie Financial Corp grew its stake in S&P Global by 4.3% during the 2nd quarter. Mackenzie Financial Corp now owns 1,396,304 shares of the business services provider's stock worth $622,752,000 after buying an additional 57,159 shares during the last quarter. Finally, Ninety One UK Ltd grew its stake in S&P Global by 0.7% during the 2nd quarter. Ninety One UK Ltd now owns 1,362,820 shares of the business services provider's stock worth $607,818,000 after buying an additional 9,053 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. BMO Capital Markets reduced their price target on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Evercore ISI assumed coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 target price for the company. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Raymond James lowered 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Price Performance

NYSE:SPGI traded up $8.24 during mid-day trading on Thursday, reaching $511.37. 1,159,353 shares of the stock were exchanged, compared to its average volume of 1,211,304. 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 business has a fifty day moving average price of $509.61 and a 200 day moving average price of $480.93. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The firm has a market capitalization of $158.68 billion, a PE ratio of 44.41, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.21 EPS. Research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global's payout ratio is 32.13%.

S&P Global Company 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.