Voya Financial Advisors Inc. Sells 268 Shares of S&P Global Inc. (NYSE:SPGI)

Voya Financial Advisors Inc. decreased its position in S&P Global Inc. (NYSE:SPGI) by 7.9% during the third quarter, HoldingsChannel reports. The firm owned 3,142 shares of the business services provider’s stock after selling 268 shares during the quarter. Voya Financial Advisors Inc.’s holdings in S&P Global were worth $1,611,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. Wellington Management Group LLP increased its holdings in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the period. FMR LLC raised its stake in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after purchasing an additional 29,227 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after purchasing an additional 28,458 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Down 1.2 %

NYSE SPGI opened at $513.89 on Friday. The firm has a market cap of $159.46 billion, a P/E ratio of 45.36, a P/E/G ratio of 2.65 and a beta of 1.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50-day moving average is $509.41 and its 200-day moving average is $487.26. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm earned $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

S&P Global Company Profile

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.