MML Investors Services LLC Raises Holdings in S&P Global Inc. (NYSE:SPGI)

MML Investors Services LLC lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 32.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,396 shares of the business services provider's stock after purchasing an additional 8,896 shares during the quarter. MML Investors Services LLC's holdings in S&P Global were worth $18,803,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider's stock worth $2,798,000 after acquiring an additional 2,962 shares during the last quarter. GDS Wealth Management increased its position in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider's stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in S&P Global by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider's stock valued at $13,386,000 after buying an additional 1,405 shares during the period. Pinnacle Financial Partners Inc raised its holdings in S&P Global by 3.9% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider's stock valued at $24,645,000 after buying an additional 1,806 shares during the period. Finally, Eagle Asset Management Inc. lifted its position in S&P Global by 53.8% in the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock worth $2,784,000 after buying an additional 1,936 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Evercore ISI began coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. Finally, BMO Capital Markets lowered their price target on S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Stock Performance

Shares of SPGI stock traded down $1.20 on Tuesday, hitting $512.15. The company had a trading volume of 1,306,283 shares, compared to its average volume of 1,212,385. The firm has a market cap of $158.92 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a 50-day moving average price of $509.41 and a 200-day moving average price of $489.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

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

S&P Global Dividend Announcement

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