Manning & Napier Advisors LLC Sells 5,516 Shares of S&P Global Inc. (NYSE:SPGI)

Manning & Napier Advisors LLC lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,223 shares of the business services provider's stock after selling 5,516 shares during the quarter. Manning & Napier Advisors LLC's holdings in S&P Global were worth $73,321,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the third quarter worth about $27,000. First Personal Financial Services bought a new stake in S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter worth $31,000. Voisard Asset Management Group Inc. lifted its position in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares during the period. Finally, Dunhill Financial LLC increased its position in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after buying an additional 34 shares during the period. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company cut their price objective on shares of S&P Global from $620.00 to $617.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $584.54.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $6.12 during midday trading on Thursday, reaching $523.34. 771,360 shares of the company were exchanged, compared to its average volume of 1,241,987. The stock has a market cap of $162.39 billion, a PE ratio of 46.19, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The business's fifty day moving average is $506.04 and its two-hundred day moving average is $504.08. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global's payout ratio is 32.13%.

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.