S&P Global Inc. (NYSE:SPGI) Stock Holdings Reduced by Peak Asset Management LLC

Peak Asset Management LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,305 shares of the business services provider's stock after selling 3,180 shares during the period. S&P Global comprises approximately 3.8% of Peak Asset Management LLC's holdings, making the stock its 3rd largest position. Peak Asset Management LLC's holdings in S&P Global were worth $20,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Fortis Capital Management LLC increased its holdings in S&P Global by 15.2% in the 3rd quarter. Fortis Capital Management LLC now owns 2,247 shares of the business services provider's stock worth $1,161,000 after acquiring an additional 297 shares in the last quarter. Plato Investment Management Ltd increased its stake in shares of S&P Global by 11.7% in the third quarter. Plato Investment Management Ltd now owns 6,039 shares of the business services provider's stock worth $3,117,000 after purchasing an additional 633 shares in the last quarter. D Orazio & Associates Inc. raised its position in shares of S&P Global by 4.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 708 shares of the business services provider's stock valued at $366,000 after purchasing an additional 33 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of S&P Global by 5.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,291 shares of the business services provider's stock valued at $2,217,000 after purchasing an additional 235 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of S&P Global by 0.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 65,167 shares of the business services provider's stock valued at $33,667,000 after buying an additional 222 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.1 %

NYSE SPGI traded up $0.35 during trading hours on Thursday, hitting $510.64. 750,373 shares of the company were exchanged, compared to its average volume of 1,209,288. S&P Global Inc. has a 52 week low of $401.58 and a 52 week 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 has a 50-day moving average price of $510.74 and a 200 day moving average price of $477.90. The stock has a market cap of $158.45 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the firm posted $3.21 EPS. S&P Global's quarterly revenue was up 15.9% compared to the same quarter last year. Analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company 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 32.13%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price target on S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, Oppenheimer raised their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.