Victory Capital Management Inc. Sells 366 Shares of S&P Global Inc. (NYSE:SPGI)

Victory Capital Management Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 246,055 shares of the business services provider’s stock after selling 366 shares during the quarter. Victory Capital Management Inc.’s holdings in S&P Global were worth $127,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Dupont Capital Management Corp grew its holdings in shares of S&P Global by 27.1% in the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after purchasing an additional 6,025 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in S&P Global by 3.7% during the first quarter. Avantax Advisory Services Inc. now owns 8,935 shares of the business services provider’s stock worth $3,801,000 after buying an additional 317 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of S&P Global by 2.2% during the first quarter. Bleakley Financial Group LLC now owns 6,521 shares of the business services provider’s stock worth $2,774,000 after buying an additional 138 shares in the last quarter. Entropy Technologies LP raised its stake in shares of S&P Global by 32.3% in the first quarter. Entropy Technologies LP now owns 2,893 shares of the business services provider’s stock valued at $1,231,000 after acquiring an additional 706 shares during the last quarter. Finally, D Orazio & Associates Inc. boosted its holdings in shares of S&P Global by 23.2% in the 1st quarter. D Orazio & Associates Inc. now owns 595 shares of the business services provider’s stock worth $253,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $503.38 on Wednesday. The firm’s 50 day moving average price is $510.95 and its two-hundred day moving average price is $477.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 52-week low of $392.69 and a 52-week high of $533.29. The stock has a market cap of $156.20 billion, a PE ratio of 44.43, a PEG ratio of 2.59 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts forecast that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The business 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 dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPGI. BMO Capital Markets cut their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Robert W. Baird upped their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Royal Bank of Canada raised their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Oppenheimer upped their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global 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.