ProShare Advisors LLC Cuts Stock Position in S&P Global Inc. $SPGI

ProShare Advisors LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 377,932 shares of the business services provider’s stock after selling 32,461 shares during the quarter. ProShare Advisors LLC owned 0.12% of S&P Global worth $183,943,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of S&P Global in the second quarter worth $2,188,945,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after acquiring an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. boosted its holdings in S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares during the period. Mizuho Markets Americas LLC boosted its holdings in S&P Global by 104,031.3% in the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after purchasing an additional 595,059 shares during the period. Finally, ABN AMRO Bank N.V. acquired a new position in S&P Global during the 2nd quarter worth $310,348,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $439.44 on Monday. The company has a market capitalization of $133.06 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $516.11 and a 200 day moving average price of $515.45.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be given a $0.97 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.9%. S&P Global’s payout ratio is 27.93%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a report on Friday, November 14th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $615.64.

About S&P Global

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.