GSA Capital Partners LLP Sells 1,591 Shares of S&P Global Inc. (NYSE:SPGI)

GSA Capital Partners LLP trimmed its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 43.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,060 shares of the business services provider's stock after selling 1,591 shares during the quarter. GSA Capital Partners LLP's holdings in S&P Global were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dupont Capital Management Corp boosted its holdings in S&P Global by 27.1% in the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider's stock worth $12,019,000 after acquiring an additional 6,025 shares in the last quarter. Twin Tree Management LP bought a new position in S&P Global in the first quarter worth approximately $74,000. Nwam LLC boosted its holdings in S&P Global by 45.5% in 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. M&G Plc bought a new stake in S&P Global during the 1st quarter worth approximately $20,725,000. Finally, Intech Investment Management LLC raised its stake in shares of S&P Global by 255.1% in the first quarter. Intech Investment Management LLC now owns 9,861 shares of the business services provider's stock worth $4,195,000 after purchasing an additional 7,084 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

S&P Global stock traded down $7.35 during trading on Friday, hitting $503.29. The stock had a trading volume of 1,187,616 shares, compared to its average volume of 1,209,144. S&P Global Inc. has a 1 year low of $401.79 and a 1 year high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average is $510.47 and its two-hundred day moving average is $478.74. The stock has a market cap of $156.17 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. S&P Global's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The company 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 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SPGI. Oppenheimer increased their price objective on S&P Global from $540.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 31st. BMO Capital Markets lowered their price objective 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. JPMorgan Chase & Co. lowered their price objective on 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. Finally, Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $571.31.

About S&P Global

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.