S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 474,454 shares of the business services provider's stock after selling 5,667 shares during the period. The Manufacturers Life Insurance Company owned about 0.15% of S&P Global worth $245,112,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position 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 buying an additional 2,962 shares during the period. GDS Wealth Management boosted its stake in 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 worth $14,134,000 after purchasing an additional 1,801 shares during the period. Envestnet Portfolio Solutions Inc. grew its position 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 worth $13,386,000 after purchasing an additional 1,405 shares during the last quarter. BDF Gestion purchased a new stake in shares of S&P Global in the second quarter valued at about $4,419,000. Finally, Blue Trust Inc. boosted its stake in shares of S&P Global by 140.7% during the second quarter. Blue Trust Inc. now owns 3,800 shares of the business services provider's stock worth $1,617,000 after buying an additional 2,221 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the topic of several analyst reports. Oppenheimer lifted their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Morgan Stanley upped their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 target price on the stock. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Price Performance

SPGI traded up $1.89 on Tuesday, reaching $521.49. The company had a trading volume of 419,357 shares, compared to its average volume of 1,210,719. The company has a fifty day moving average of $509.21 and a 200-day moving average of $483.13. The company has a market capitalization of $161.82 billion, a P/E ratio of 45.93, a PEG ratio of 2.63 and a beta of 1.18. 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 Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm posted $3.21 EPS. The business's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's payout ratio is 32.13%.

About S&P Global

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.