State of Alaska Department of Revenue Decreases Stake in S&P Global Inc. (NYSE:SPGI)

State of Alaska Department of Revenue lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 34,861 shares of the business services provider’s stock after selling 115 shares during the quarter. State of Alaska Department of Revenue’s holdings in S&P Global were worth $14,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SPGI. D.B. Root & Company LLC raised its holdings in shares of S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after purchasing an additional 23 shares during the period. Mayflower Financial Advisors LLC lifted its holdings in shares of S&P Global by 3.3% during the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after acquiring an additional 23 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after acquiring an additional 24 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in shares of S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after acquiring an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky lifted its stake in S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $449.41 on Thursday. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The firm has a 50-day moving average price of $432.79 and a 200-day moving average price of $431.89. The firm has a market capitalization of $140.62 billion, a PE ratio of 50.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating 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 business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, equities research analysts forecast that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

Analysts Set New Price Targets

Several equities analysts have recently commented on SPGI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, June 21st. Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays increased their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer increased their price target on shares of S&P Global from $482.00 to $486.00 and gave the company an “outperform” rating in a report on Monday. Finally, Stifel Nicolaus increased 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $468.33.

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.