NS Partners Ltd Increases Stake in S&P Global Inc. (NYSE:SPGI)

NS Partners Ltd lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,313 shares of the business services provider's stock after buying an additional 1,506 shares during the quarter. S&P Global makes up about 1.9% of NS Partners Ltd's holdings, making the stock its 12th biggest holding. NS Partners Ltd's holdings in S&P Global were worth $44,074,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the third quarter valued at $27,000. First Personal Financial Services purchased a new position in S&P Global in the third quarter worth about $29,000. Sachetta LLC lifted 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 worth $29,000 after buying an additional 30 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the third quarter valued at approximately $31,000. Finally, HWG Holdings LP purchased a new position in S&P Global in the 2nd quarter worth approximately $27,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. Raymond James lowered S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Wells Fargo & Company boosted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $571.31.

S&P Global Stock Performance

NYSE:SPGI traded up $0.92 during mid-day trading on Wednesday, hitting $503.23. 617,120 shares of the company traded hands, compared to its average volume of 1,208,685. 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 fifty day moving average price is $509.86 and its 200-day moving average price is $480.77. The firm has a market cap of $156.15 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a one year low of $407.69 and a one year 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 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 analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. Research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global's dividend payout ratio is presently 32.13%.

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.