Qsemble Capital Management LP bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,441 shares of the business services provider's stock, valued at approximately $2,811,000.
Other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the third quarter worth approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter worth approximately $29,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% during 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 during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the third quarter worth approximately $31,000. Finally, HWG Holdings LP bought a new stake in shares of S&P Global during the second quarter worth approximately $27,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have commented on SPGI. UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Royal Bank of Canada upped their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. BMO Capital Markets lowered their target price 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. Finally, Raymond James downgraded shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus target price of $571.31.
Get Our Latest Analysis on S&P Global
S&P Global Stock Up 0.3 %
SPGI traded up $1.45 during trading hours on Tuesday, hitting $521.96. 920,404 shares of the company's stock were exchanged, compared to its average volume of 1,212,979. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The stock's 50-day moving average is $509.20 and its two-hundred day moving average is $483.76. The stock has a market cap of $161.96 billion, a price-to-earnings ratio of 46.07, a PEG ratio of 2.63 and a beta of 1.18. 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 (NYSE:SPGI - Get Free Report) last announced its 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 business had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 earnings per share. The firm's revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict 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 announced 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. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's payout ratio is 32.13%.
S&P Global Profile
(
Free Report)
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.
See Also
Before you consider S&P Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&P Global wasn't on the list.
While S&P Global currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
