Lazard Asset Management LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 20.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,144 shares of the business services provider’s stock after selling 43,407 shares during the period. Lazard Asset Management LLC owned 0.06% of S&P Global worth $24,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mutual of America Capital Management LLC lifted its position in shares of S&P Global by 3.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 31,473 shares of the business services provider’s stock valued at $4,595,000 after buying an additional 1,095 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of S&P Global by 4.3% during the 2nd quarter. New York State Common Retirement Fund now owns 889,431 shares of the business services provider’s stock valued at $129,848,000 after buying an additional 36,605 shares during the last quarter. BRYN MAWR TRUST Co lifted its position in shares of S&P Global by 6.8% during the 2nd quarter. BRYN MAWR TRUST Co now owns 2,029 shares of the business services provider’s stock valued at $296,000 after buying an additional 129 shares during the last quarter. Investec Asset Management PTY Ltd lifted its position in shares of S&P Global by 59.8% during the 2nd quarter. Investec Asset Management PTY Ltd now owns 2,878 shares of the business services provider’s stock valued at $420,000 after buying an additional 1,077 shares during the last quarter. Finally, Investec Asset Management LTD lifted its position in shares of S&P Global by 20.3% during the 2nd quarter. Investec Asset Management LTD now owns 790,762 shares of the business services provider’s stock valued at $115,443,000 after buying an additional 133,509 shares during the last quarter. 85.34% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, SVP Nancy Luquette sold 860 shares of S&P Global stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the transaction, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by insiders.

Shares of S&P Global Inc. (NYSE:SPGI) opened at 155.83 on Thursday. S&P Global Inc. has a 1-year low of $107.21 and a 1-year high of $158.35. The company’s 50 day moving average price is $151.93 and its 200-day moving average price is $142.61. The company has a market capitalization of $40.05 billion, a price-to-earnings ratio of 18.16 and a beta of 1.51.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. S&P Global’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post $6.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were given a dividend of $0.41 per share. The ex-dividend date was Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.05%. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.

A number of research analysts have recently commented on the company. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a research report on Monday. Barclays PLC boosted their price objective on S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 15th. BMO Capital Markets boosted their price objective on S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. UBS AG boosted their price objective on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $146.00 price objective (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. S&P Global has an average rating of “Buy” and an average target price of $157.00.

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.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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