Oddo BHF Asset Management Sas Makes New $27.17 Million Investment in S&P Global Inc. (NYSE:SPGI)

Oddo BHF Asset Management Sas bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,592 shares of the business services provider's stock, valued at approximately $27,170,000. S&P Global comprises approximately 1.3% of Oddo BHF Asset Management Sas' investment portfolio, making the stock its 13th largest holding.

A number of other hedge funds have also made changes to their positions in the company. GDS Wealth Management boosted its stake in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider's stock valued at $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of S&P Global by 3.9% during the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider's stock valued at $24,645,000 after buying an additional 1,806 shares during the period. Eagle Asset Management Inc. boosted its position in S&P Global by 53.8% during the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock worth $2,784,000 after acquiring an additional 1,936 shares during the last quarter. Blue Trust Inc. grew its stake in S&P Global by 140.7% in the 2nd quarter. Blue Trust Inc. now owns 3,800 shares of the business services provider's stock worth $1,617,000 after acquiring an additional 2,221 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of S&P Global during the 3rd quarter worth $3,056,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPGI shares. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Robert W. Baird increased their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price objective for the company. Finally, Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $573.23.

S&P Global Stock Down 1.4 %

Shares of NYSE SPGI traded down $7.30 during trading on Friday, reaching $505.57. 1,191,811 shares of the stock were exchanged, compared to its average volume of 1,209,018. The business's 50-day moving average price is $509.41 and its 200 day moving average price is $489.88. The company has a market capitalization of $156.88 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. 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.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same period in the prior year, the company posted $3.21 EPS. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, November 26th. S&P Global's dividend payout ratio (DPR) is currently 32.13%.

S&P Global Profile

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.