TIAA CREF Investment Management LLC lessened its position in shares of S&P Global Inc (NYSE:SPGI) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,634,022 shares of the business services provider’s stock after selling 22,702 shares during the period. TIAA CREF Investment Management LLC’s holdings in S&P Global were worth $276,803,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of S&P Global by 2.3% during the 4th quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock worth $3,062,502,000 after acquiring an additional 401,826 shares in the last quarter. Edgewood Management LLC increased its stake in S&P Global by 2.4% during the 3rd quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after purchasing an additional 141,206 shares in the last quarter. JPMorgan Chase & Co. increased its stake in S&P Global by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock valued at $687,694,000 after purchasing an additional 157,161 shares in the last quarter. Deutsche Bank AG increased its stake in S&P Global by 3.0% during the 4th quarter. Deutsche Bank AG now owns 4,163,495 shares of the business services provider’s stock valued at $705,291,000 after purchasing an additional 120,354 shares in the last quarter. Finally, Independent Franchise Partners LLP increased its stake in S&P Global by 1.5% during the 4th quarter. Independent Franchise Partners LLP now owns 3,827,389 shares of the business services provider’s stock valued at $648,359,000 after purchasing an additional 57,846 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $187.30, for a total transaction of $749,200.00. Following the sale, the chief executive officer now directly owns 145,850 shares of the company’s stock, valued at $27,317,705. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John L. Berisford sold 15,902 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $192.19, for a total transaction of $3,056,205.38. Following the sale, the insider now directly owns 25,455 shares in the company, valued at $4,892,196.45. The disclosure for this sale can be found here. Insiders sold a total of 20,792 shares of company stock worth $3,973,197 over the last ninety days. Insiders own 0.20% of the company’s stock.
SPGI has been the topic of a number of recent analyst reports. Credit Suisse Group upped their price target on shares of S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Piper Jaffray Companies upped their price target on shares of S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price target on the stock in a research note on Tuesday, January 23rd. Stifel Nicolaus initiated coverage on shares of S&P Global in a research note on Tuesday, December 19th. They set a “hold” rating and a $186.00 price target on the stock. Finally, Barclays restated an “overweight” rating and set a $190.00 price target (up previously from $185.00) on shares of S&P Global in a research note on Friday, December 15th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global currently has an average rating of “Buy” and a consensus price target of $190.36.
Shares of S&P Global Inc (NYSE:SPGI) opened at $195.89 on Wednesday. The company has a market cap of $49,754.25, a price-to-earnings ratio of 28.40, a PEG ratio of 1.59 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global Inc has a twelve month low of $127.28 and a twelve month high of $197.76.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.63 by $0.22. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. sell-side analysts predict that S&P Global Inc will post 8.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, February 26th were issued a $0.50 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, February 23rd. S&P Global’s dividend payout ratio is 34.60%.
TRADEMARK VIOLATION WARNING: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://ledgergazette.com/2018/03/14/sp-global-inc-spgi-position-lowered-by-tiaa-cref-investment-management-llc.html.
S&P Global Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.