Fmr LLC Purchases 369,598 Shares of S&P Global Inc. (NYSE:SPGI)

FMR LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,965,369 shares of the business services provider's stock after acquiring an additional 369,598 shares during the period. FMR LLC owned approximately 1.92% of S&P Global worth $3,081,830,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. HWG Holdings LP acquired a new stake in shares of S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter worth approximately $27,000. Sachetta LLC lifted its position in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services acquired a new position in S&P Global during the third quarter worth $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in S&P Global during the second quarter worth about $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the subject of several recent analyst reports. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective 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. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, BMO Capital Markets dropped their price target on S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $571.31.

S&P Global Stock Up 0.7 %

S&P Global stock traded up $3.84 during mid-day trading on Tuesday, reaching $523.44. The stock had a trading volume of 591,062 shares, compared to its average volume of 1,211,306. The firm has a market capitalization of $162.42 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock's 50-day simple moving average is $509.21 and its 200-day simple moving average is $483.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly 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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the firm posted $3.21 EPS. S&P Global's quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

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