Segall Bryant & Hamill LLC Buys Shares of 41,213 S&P Global Inc. (NYSE:SPGI)

Segall Bryant & Hamill LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,213 shares of the business services provider's stock, valued at approximately $21,291,000.

Several other large investors also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the third quarter worth about $27,000. First Personal Financial Services purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Sachetta LLC increased its stake in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after buying an additional 30 shares during the period. Capital Performance Advisors LLP purchased a new position in S&P Global during the 3rd quarter worth $31,000. Finally, HWG Holdings LP acquired a new stake in shares of S&P Global in the 2nd quarter worth $27,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.4 %

SPGI stock traded down $2.05 during midday trading on Wednesday, hitting $500.26. 501,854 shares of the company's stock were exchanged, compared to its average volume of 1,208,110. The firm has a 50 day moving average price of $509.86 and a 200-day moving average price of $480.77. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The stock has a market capitalization of $155.23 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

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 analysts' consensus estimates 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 business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm earned $3.21 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio (DPR) is presently 32.13%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Raymond James downgraded S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Morgan Stanley raised their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Robert W. Baird increased their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Two investment 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 an average rating of "Moderate Buy" and an average price target of $571.31.

S&P Global 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.