Mutual of America Capital Management LLC Sells 1,395 Shares of S&P Global Inc. (NYSE:SPGI)

Mutual of America Capital Management LLC lowered its position in S&P Global Inc. (NYSE:SPGI) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,036 shares of the business services provider’s stock after selling 1,395 shares during the quarter. Mutual of America Capital Management LLC’s holdings in S&P Global were worth $18,943,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Headinvest LLC grew its stake in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the period. EWA LLC grew its stake in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after purchasing an additional 20 shares during the period. Continuum Advisory LLC grew its stake in shares of S&P Global by 1.3% during the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after purchasing an additional 20 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the period. Finally, Fullcircle Wealth LLC grew its stake in shares of S&P Global by 1.2% during the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock worth $872,000 after purchasing an additional 21 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPGI shares. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. UBS Group lifted their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Stock Performance

Shares of S&P Global stock opened at $534.09 on Friday. The firm has a market cap of $164.39 billion, a price-to-earnings ratio of 43.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The stock’s 50-day moving average is $513.75 and its 200-day moving average is $510.67. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the business earned $3.13 EPS. Equities analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

About S&P Global

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.