American Century Companies Inc. Reduces Stock Holdings in S&P Global Inc. $SPGI

American Century Companies Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 730,536 shares of the business services provider’s stock after selling 26,306 shares during the period. American Century Companies Inc. owned about 0.24% of S&P Global worth $385,207,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Valeo Financial Advisors LLC lifted its position in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. Nuveen LLC purchased a new stake in shares of S&P Global in the first quarter worth $1,103,665,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of S&P Global by 70.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,627,276 shares of the business services provider’s stock valued at $826,819,000 after buying an additional 670,392 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new position in shares of S&P Global in the second quarter valued at about $310,348,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.5%

NYSE SPGI opened at $493.50 on Friday. The stock has a market cap of $149.43 billion, a PE ratio of 37.96, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company’s 50-day moving average price is $492.06 and its 200-day moving average price is $516.65. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion during the quarter. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is currently 27.93%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SPGI. BMO Capital Markets set a $546.00 price target on S&P Global in a research note on Friday, November 14th. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. dropped their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, Mizuho upped their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $613.00.

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.