Great Lakes Retirement Inc. Has $1.92 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Great Lakes Retirement Inc. cut its position in S&P Global Inc. (NYSE:SPGI) by 0.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,503 shares of the business services provider’s stock after selling 28 shares during the quarter. Great Lakes Retirement Inc.’s holdings in S&P Global were worth $1,916,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Wealth Management Group LLC acquired a new stake in S&P Global in the 4th quarter worth $26,000. Pineridge Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares in the last quarter. LFA Lugano Financial Advisors SA boosted its position in shares of S&P Global by 200.0% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at about $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 1.0 %

Shares of SPGI stock traded down $4.85 during trading on Friday, reaching $479.84. The company’s stock had a trading volume of 1,094,371 shares, compared to its average volume of 1,270,699. The business has a fifty day moving average price of $445.40 and a 200-day moving average price of $434.98. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market cap of $150.14 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 2.78 and a beta of 1.16. S&P Global Inc. has a one year low of $340.49 and a one year high of $491.48.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. Analysts anticipate that S&P Global Inc. will post 14.25 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is presently 40.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SPGI. Barclays lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. UBS Group lifted their price target on shares of S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Stifel Nicolaus lifted their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $490.55.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.