Rockefeller Capital Management L.P. Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

Rockefeller Capital Management L.P. decreased its position in S&P Global Inc. (NYSE:SPGI) by 2.6% in the third quarter, Holdings Channel reports. The firm owned 51,963 shares of the business services provider’s stock after selling 1,370 shares during the period. Rockefeller Capital Management L.P.’s holdings in S&P Global were worth $26,836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings 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 valued at $2,798,000 after buying an additional 2,962 shares during the period. GDS Wealth Management raised its position in shares of S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after acquiring an additional 1,801 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of S&P Global by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock worth $13,386,000 after acquiring an additional 1,405 shares in the last quarter. BDF Gestion bought a new stake in S&P Global during the second quarter valued at about $4,419,000. Finally, Pinnacle Financial Partners Inc grew its stake in S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after purchasing an additional 1,806 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPGI shares. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wells Fargo & Company increased their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley boosted their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Oppenheimer boosted their price target on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Down 0.1 %

NYSE SPGI opened at $522.51 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $162.13 billion, a PE ratio of 46.12, a P/E/G ratio of 2.67 and a beta of 1.18. The company has a fifty day moving average of $509.21 and a 200 day moving average of $485.36.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.21 EPS. Research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s payout ratio is 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.