Banque Cantonale Vaudoise Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Banque Cantonale Vaudoise boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 45.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,104 shares of the business services provider's stock after purchasing an additional 4,395 shares during the quarter. Banque Cantonale Vaudoise's holdings in S&P Global were worth $7,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fifth Third Wealth Advisors LLC raised its stake in S&P Global by 2.6% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,967 shares of the business services provider's stock valued at $2,050,000 after buying an additional 100 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of S&P Global by 2.2% in the 3rd quarter. Pathstone Holdings LLC now owns 54,543 shares of the business services provider's stock valued at $28,178,000 after purchasing an additional 1,151 shares during the last quarter. Baron Wealth Management LLC boosted its stake in S&P Global by 6.3% in the 3rd quarter. Baron Wealth Management LLC now owns 1,988 shares of the business services provider's stock worth $1,027,000 after purchasing an additional 117 shares in the last quarter. Meeder Advisory Services Inc. boosted its stake in S&P Global by 0.8% in the 3rd quarter. Meeder Advisory Services Inc. now owns 5,303 shares of the business services provider's stock worth $2,739,000 after purchasing an additional 42 shares in the last quarter. Finally, Napa Wealth Management acquired a new position in S&P Global during the 3rd quarter valued at approximately $1,101,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

SPGI stock traded down $0.69 during mid-day trading on Tuesday, reaching $502.31. 1,325,732 shares of the company's stock were exchanged, compared to its average volume of 1,210,792. The company has a market cap of $155.87 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 12-month low of $407.53 and a 12-month high of $533.29. The stock's 50 day moving average is $510.21 and its 200 day moving average is $480.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company posted $3.21 EPS. S&P Global's quarterly revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPGI shares. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Morgan Stanley raised their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Finally, Evercore ISI initiated coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.