Securian Asset Management Inc. Has $8.69 Million Stock Position in S&P Global Inc. $SPGI

Securian Asset Management Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 1.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 16,488 shares of the business services provider’s stock after selling 185 shares during the period. Securian Asset Management Inc.’s holdings in S&P Global were worth $8,694,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Costello Asset Management INC bought a new stake in S&P Global in the 1st quarter valued at about $26,000. Cheviot Value Management LLC bought a new stake in S&P Global in the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global in the 2nd quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global in the 1st quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on SPGI. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Finally, Mizuho upped their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $614.23.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $477.73 on Tuesday. The company has a market cap of $145.85 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a 50 day simple moving average of $520.17 and a 200 day simple moving average of $513.60. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 29.54%.

S&P Global Company 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.