Quantessence Capital LLC Acquires New Holdings in S&P Global Inc. (NYSE:SPGI)

Quantessence Capital LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,068 shares of the business services provider's stock, valued at approximately $2,026,000. S&P Global makes up approximately 0.8% of Quantessence Capital LLC's investment portfolio, making the stock its 29th biggest position.

Several other hedge funds have also modified their holdings of SPGI. Howard Capital Management Group LLC increased its stake in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after purchasing an additional 28 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of S&P Global in the third quarter valued at about $1,753,000. SkyView Investment Advisors LLC raised its stake in shares of S&P Global by 2.5% in the third quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock worth $2,561,000 after purchasing an additional 119 shares during the last quarter. Fulcrum Equity Management acquired a new stake in shares of S&P Global during the third quarter worth about $200,000. Finally, Pine Valley Investments Ltd Liability Co increased its holdings in S&P Global by 2.2% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 11,102 shares of the business services provider's stock worth $5,736,000 after buying an additional 235 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $448.89 on Tuesday. The stock has a 50 day moving average price of $497.69 and a 200 day moving average price of $504.02. The stock has a market cap of $140.88 billion, a PE ratio of 36.35, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the business posted $3.13 EPS. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Wells Fargo & Company reduced their price objective on S&P Global from $633.00 to $607.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. BMO Capital Markets lifted their price target on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and an average target price of $591.86.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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