Groupama Asset Managment Sells 974 Shares of S&P Global Inc. (NYSE:SPGI)

Groupama Asset Managment lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,582 shares of the business services provider's stock after selling 974 shares during the quarter. Groupama Asset Managment's holdings in S&P Global were worth $7,533,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. HWG Holdings LP bought a new stake in S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the third quarter worth about $27,000. Sachetta LLC increased its stake in shares of 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 buying an additional 30 shares during the period. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in S&P Global during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI traded down $2.44 during midday trading on Monday, hitting $514.33. The company had a trading volume of 468,687 shares, compared to its average volume of 1,208,581. The company has a market cap of $159.60 billion, a price-to-earnings ratio of 45.61, a PEG 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. The company has a fifty day moving average of $509.48 and a two-hundred day moving average of $488.47. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping 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 company had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.43 billion. During the same period in the previous year, the firm earned $3.21 EPS. The firm's revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPGI. Oppenheimer lifted their price target on shares of 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 boosted 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. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Finally, BMO Capital Markets decreased their price target on shares of 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 research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, the company currently 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.