Manning & Napier Advisors LLC Decreases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Manning & Napier Advisors LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,223 shares of the business services provider’s stock after selling 5,516 shares during the period. Manning & Napier Advisors LLC’s holdings in S&P Global were worth $73,321,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares during the period. GDS Wealth Management increased its stake in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the period. Sanctuary Advisors LLC lifted its stake in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after acquiring an additional 3,093 shares during the period. Oddo BHF Asset Management Sas bought a new position in S&P Global in the 3rd quarter worth $27,170,000. Finally, Eastern Bank lifted its position in shares of S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SPGI. Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. BMO Capital Markets boosted their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group boosted their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

SPGI traded down $0.25 during trading on Wednesday, hitting $520.21. The company’s stock had a trading volume of 90,705 shares, compared to its average volume of 1,218,120. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The business’s 50 day simple moving average is $505.75 and its 200-day simple moving average is $503.99. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $161.42 billion, a PE ratio of 45.93, a P/E/G ratio of 2.36 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.74%. S&P Global’s payout ratio is 32.13%.

About S&P Global

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.