Bretton Capital Management LLC Makes New $4.81 Million Investment in S&P Global Inc. (NYSE:SPGI)

Bretton Capital Management LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,300 shares of the business services provider's stock, valued at approximately $4,805,000. S&P Global makes up 4.6% of Bretton Capital Management LLC's holdings, making the stock its 13th largest position.

A number of other large investors have also bought and sold shares of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of S&P Global by 107.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider's stock worth $2,798,000 after purchasing an additional 2,962 shares during the last quarter. Quadrature Capital Ltd bought a new stake in S&P Global in the first quarter valued at approximately $2,236,000. O Shaughnessy Asset Management LLC raised its holdings in S&P Global by 21.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider's stock worth $14,756,000 after purchasing an additional 6,162 shares during the period. Nwam LLC lifted its holdings in S&P Global by 45.5% during the first quarter. Nwam LLC now owns 1,043 shares of the business services provider's stock worth $446,000 after acquiring an additional 326 shares in the last quarter. Finally, Banco Santander S.A. grew its stake in S&P Global by 38.9% in the first quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider's stock valued at $6,252,000 after acquiring an additional 4,114 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.1 %

Shares of SPGI traded up $0.35 during trading hours on Thursday, hitting $510.64. The stock had a trading volume of 750,381 shares, compared to its average volume of 1,209,288. The firm has a 50 day simple moving average of $510.74 and a 200-day simple moving average of $477.90. S&P Global Inc. has a 1-year low of $401.58 and a 1-year high of $533.29. 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 has a market capitalization of $158.45 billion, a P/E ratio of 45.04, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.21 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global's payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. Morgan Stanley lifted 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. Oppenheimer lifted their target price on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Robert W. Baird raised 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. Finally, Raymond James downgraded shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average target price of $571.31.

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.