Voya Investment Management LLC Lowers Stake in S&P Global Inc. (NYSE:SPGI)

Voya Investment Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,979 shares of the business services provider's stock after selling 16,373 shares during the quarter. Voya Investment Management LLC's holdings in S&P Global were worth $31,365,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in SPGI. Human Investing LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the fourth quarter worth about $40,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 0.2 %

SPGI traded down $1.14 during trading on Monday, reaching $478.86. The company had a trading volume of 1,531,067 shares, compared to its average volume of 1,224,669. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business has a 50 day simple moving average of $491.09 and a 200-day simple moving average of $502.59. The stock has a market cap of $150.29 billion, a P/E ratio of 38.77, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 52 week low of $408.84 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm posted $3.13 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.80%. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's dividend payout ratio is presently 31.09%.

Analyst Ratings Changes

A number of research analysts recently commented on SPGI shares. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. UBS Group raised their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average price target of $591.86.

S&P Global 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.