S&P Global Inc. $SPGI Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,501 shares of the business services provider’s stock after selling 1,469 shares during the quarter. New York Life Investment Management LLC’s holdings in S&P Global were worth $22,146,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Emerald Advisers LLC grew its position in S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC lifted its stake in shares of S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after buying an additional 18 shares during the period. Summitry LLC grew its holdings in shares of S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after buying an additional 18 shares during the last quarter. Hamilton Capital LLC increased its position in shares of S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC increased its position in shares of S&P Global by 3.1% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 19 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. Evercore lifted their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Stifel Nicolaus decreased their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $615.64.

S&P Global Trading Down 2.7%

Shares of NYSE:SPGI opened at $439.44 on Monday. 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 $133.06 billion, a PE ratio of 31.96, a PEG ratio of 1.87 and a beta of 1.20. The business has a 50 day moving average of $516.11 and a two-hundred day moving average of $515.45. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global Increases Dividend

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

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.