Intech Investment Management LLC Grows Holdings in S&P Global Inc. (NYSE:SPGI)

Intech Investment Management LLC boosted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 26.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,879 shares of the business services provider's stock after acquiring an additional 3,983 shares during the quarter. Intech Investment Management LLC's holdings in S&P Global were worth $9,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider's stock valued at $2,798,000 after purchasing an additional 2,962 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of S&P Global during the 1st quarter valued at $2,236,000. GDS Wealth Management increased its holdings in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider's stock valued at $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in S&P Global by 4.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider's stock valued at $13,386,000 after acquiring an additional 1,405 shares during the last quarter. Finally, BDF Gestion bought a new stake in shares of S&P Global in the 2nd quarter worth about $4,419,000. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 0.6 %

NYSE SPGI traded up $3.00 on Friday, hitting $514.37. 1,230,009 shares of the stock were exchanged, compared to its average volume of 1,211,235. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a market cap of $159.61 billion, a PE ratio of 45.21, a PEG ratio of 2.57 and a beta of 1.18. The company has a 50-day moving average price of $509.45 and a 200-day moving average price of $481.15.

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 the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the previous year, the business posted $3.21 EPS. The firm's revenue was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analysts Set New Price Targets

SPGI has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, October 28th. UBS Group increased their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Barclays increased their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and an average target price of $571.31.

S&P Global Company 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.