Geode Capital Management LLC Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

Geode Capital Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,473,774 shares of the business services provider's stock after acquiring an additional 113,146 shares during the quarter. Geode Capital Management LLC owned 2.09% of S&P Global worth $3,332,016,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPGI. International Assets Investment Management LLC raised its holdings in shares of S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider's stock worth $241,274,000 after acquiring an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global in the third quarter valued at about $224,976,000. FMR LLC boosted its position in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock worth $3,081,830,000 after buying an additional 369,598 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of S&P Global by 352.2% during the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider's stock worth $206,669,000 after buying an additional 360,909 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock valued at $1,115,697,000 after buying an additional 298,645 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SPGI shares. 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 lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Barclays increased their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, September 13th. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Morgan Stanley lifted their price target on S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Trading Down 0.2 %

Shares of SPGI traded down $1.20 during trading hours on Tuesday, hitting $512.15. 1,308,876 shares of the stock were exchanged, compared to its average volume of 1,212,120. The firm has a market capitalization of $158.92 billion, a P/E ratio of 45.20, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. 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 Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The business has a 50-day moving average of $509.41 and a 200-day moving average of $489.01.

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 business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 earnings per share. On average, research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

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