MetLife Investment Management LLC Has $42.95 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

MetLife Investment Management LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,137 shares of the business services provider’s stock after selling 2,118 shares during the period. MetLife Investment Management LLC’s holdings in S&P Global were worth $42,950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. First National Corp MA ADV lifted its stake in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. increased its holdings in S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares in the last quarter. Trust Point Inc. raised its position in S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares during the last quarter. Sapient Capital LLC boosted its stake in shares of S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock valued at $385,000 after purchasing an additional 21 shares in the last quarter. Finally, Chatham Capital Group Inc. grew its holdings in shares of S&P Global by 0.5% during the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after purchasing an additional 21 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.6 %

NYSE:SPGI traded up $3.30 during trading hours on Wednesday, reaching $525.26. The company had a trading volume of 34,419 shares, compared to its average volume of 1,208,063. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $162.99 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 2.66 and a beta of 1.18. The business’s 50-day simple moving average is $509.20 and its two-hundred day simple moving average is $483.76.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the business posted $3.21 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.69%. S&P Global’s dividend payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SPGI shares. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Morgan Stanley lifted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. 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 research report on Wednesday, October 9th. Finally, Oppenheimer lifted their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

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.