Reliant Investment Management LLC Has $5.27 Million Position in S&P Global Inc. (NYSE:SPGI)

Reliant Investment Management LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,373 shares of the business services provider’s stock after selling 93 shares during the quarter. S&P Global accounts for about 2.7% of Reliant Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Reliant Investment Management LLC’s holdings in S&P Global were worth $5,271,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Geode Capital Management LLC raised its stake in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after acquiring an additional 116,208 shares in the last quarter. Norges Bank bought a new stake in shares of S&P Global in the 4th quarter worth about $1,725,084,000. Northern Trust Corp increased its position in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider’s stock valued at $1,529,653,000 after purchasing an additional 357,790 shares during the last quarter. Finally, Amundi lifted its holdings in S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after purchasing an additional 145,434 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Transactions at S&P Global

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

S&P Global Stock Performance

S&P Global stock opened at $519.58 on Friday. The company has a market cap of $159.36 billion, a PE ratio of 42.07, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $425.49 and a 1 year high of $545.39. The company’s 50-day moving average is $492.79 and its two-hundred day moving average is $504.25.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $4.01 earnings per share. S&P Global’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is currently 30.16%.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. Evercore ISI upped their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. UBS Group increased their price target on S&P Global from $555.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Wall Street Zen downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Finally, Morgan Stanley increased their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.