Daiwa Securities Group Inc. Purchases 5,797 Shares of S&P Global Inc. (NYSE:SPGI)

Daiwa Securities Group Inc. grew its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 15.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,586 shares of the business services provider's stock after acquiring an additional 5,797 shares during the quarter. Daiwa Securities Group Inc.'s holdings in S&P Global were worth $22,517,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Hartford Funds Management Co LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $396,000. Summit Trail Advisors LLC increased its holdings in S&P Global by 35.2% in the 3rd quarter. Summit Trail Advisors LLC now owns 3,414 shares of the business services provider's stock valued at $1,763,000 after purchasing an additional 889 shares in the last quarter. Cahill Financial Advisors Inc. purchased a new stake in shares of S&P Global during the 3rd quarter valued at about $206,000. Capital Investment Counsel LLC boosted its stake in shares of S&P Global by 1.7% in the third quarter. Capital Investment Counsel LLC now owns 10,572 shares of the business services provider's stock valued at $5,462,000 after purchasing an additional 174 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in shares of S&P Global by 2.6% during the third quarter. Westfield Capital Management Co. LP now owns 128,062 shares of the business services provider's stock valued at $66,159,000 after acquiring an additional 3,283 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Oppenheimer increased their price objective on S&P Global from $540.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company upped their price target 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. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Stock Up 1.1 %

S&P Global stock traded up $5.88 during mid-day trading on Monday, hitting $520.34. The company's stock had a trading volume of 1,890,161 shares, compared to its average volume of 1,214,262. 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 company has a market cap of $161.46 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The firm's 50 day moving average is $509.21 and its 200 day moving average is $483.13. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29.

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

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's payout ratio is 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.