TIAA Trust National Association Reduces Stake in S&P Global Inc. (NYSE:SPGI)

TIAA Trust National Association trimmed its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,240 shares of the business services provider's stock after selling 817 shares during the quarter. TIAA Trust National Association's holdings in S&P Global were worth $15,559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in S&P Global during the fourth quarter valued at about $527,207,000. Proficio Capital Partners LLC boosted its holdings in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares in the last quarter. FMR LLC grew its position in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock worth $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global during the 4th quarter worth approximately $144,091,000. Finally, Wellington Management Group LLP lifted its position in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPGI. Oppenheimer reduced their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company increased their price target on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Finally, Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $590.86.

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S&P Global Stock Performance

S&P Global stock traded down $6.31 during mid-day trading on Friday, hitting $502.33. The company had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $157.65 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20. The company's fifty day moving average is $515.20 and its 200-day moving average is $510.14. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the firm earned $3.13 EPS. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 31.09%.

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.