S&P Global Inc. (NYSE:SPGI) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,405 shares of the business services provider's stock after selling 2,124 shares during the period. Advisors Asset Management Inc.'s holdings in S&P Global were worth $10,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Dupont Capital Management Corp lifted its stake in shares of S&P Global by 27.1% in the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider's stock worth $12,019,000 after buying an additional 6,025 shares in the last quarter. Delap Wealth Advisory LLC purchased a new stake in shares of S&P Global in the first quarter valued at approximately $205,000. CreativeOne Wealth LLC increased its holdings in shares of S&P Global by 101.2% in the first quarter. CreativeOne Wealth LLC now owns 1,620 shares of the business services provider's stock valued at $690,000 after purchasing an additional 815 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of S&P Global by 64.2% in the first quarter. Axxcess Wealth Management LLC now owns 2,058 shares of the business services provider's stock valued at $876,000 after purchasing an additional 805 shares during the last quarter. Finally, Capital International Inc. CA boosted its stake in S&P Global by 28.9% during the first quarter. Capital International Inc. CA now owns 38,199 shares of the business services provider's stock worth $16,252,000 after buying an additional 8,575 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SPGI shares. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price target on the stock. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. UBS Group raised their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. Finally, Morgan Stanley upped their price target on S&P Global from $564.00 to $570.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Stock Up 1.1 %

Shares of S&P Global stock traded up $5.36 during trading on Thursday, hitting $508.49. 116,722 shares of the stock were exchanged, compared to its average volume of 1,206,690. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The stock has a market cap of $157.78 billion, a price-to-earnings ratio of 44.41, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm's 50-day moving average price is $509.61 and its 200 day moving average price is $480.93.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm earned $3.21 EPS. The company's revenue was up 15.9% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global's dividend payout ratio is currently 32.13%.

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.