S&P Global Inc. $SPGI Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp lessened its position in S&P Global Inc. (NYSE:SPGI) by 14.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,509 shares of the business services provider’s stock after selling 3,870 shares during the period. Dupont Capital Management Corp’s holdings in S&P Global were worth $10,955,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Avantax Advisory Services Inc. lifted its holdings in shares of S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after purchasing an additional 850 shares in the last quarter. Divergent Planning LLC acquired a new position in S&P Global during the second quarter valued at $303,000. Vanguard Group Inc. lifted its stake in S&P Global by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after acquiring an additional 315,916 shares in the last quarter. Ninety One UK Ltd boosted its position in S&P Global by 0.8% during the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after acquiring an additional 7,553 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after acquiring an additional 733 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI stock opened at $522.63 on Friday. The firm has a 50 day moving average of $500.62 and a two-hundred day moving average of $515.19. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market capitalization of $158.25 billion, a price-to-earnings ratio of 38.01, a P/E/G ratio of 2.72 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SPGI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday. Stifel Nicolaus cut their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a report on Friday, November 14th. Finally, William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $614.93.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.