Snider Financial Group Buys 1,292 Shares of S&P Global Inc. (NYSE:SPGI)

Snider Financial Group increased its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 34.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,017 shares of the business services provider's stock after buying an additional 1,292 shares during the quarter. Snider Financial Group's holdings in S&P Global were worth $2,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB acquired a new stake in shares of S&P Global in the first quarter valued at about $351,774,000. International Assets Investment Management LLC increased its position in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider's stock worth $241,274,000 after purchasing an additional 466,757 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of S&P Global by 352.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider's stock worth $206,669,000 after purchasing an additional 360,909 shares in the last quarter. Third Point LLC acquired a new stake in shares of S&P Global in the 1st quarter valued at approximately $142,526,000. Finally, Ameriprise Financial Inc. grew its stake in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock valued at $1,115,697,000 after buying an additional 298,645 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

S&P Global stock traded up $0.35 during mid-day trading on Thursday, reaching $510.64. 750,385 shares of the company were exchanged, compared to its average volume of 1,209,288. The company has a fifty day simple moving average of $510.74 and a 200-day simple moving average of $477.90. The firm has a market cap of $158.45 billion, a PE ratio of 45.04, a PEG ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 12 month low of $401.58 and a 12 month 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 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 earnings per share. As a group, equities research analysts expect 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 given 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 dividend yield of 0.71%. S&P Global's dividend payout ratio is 32.13%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. UBS Group boosted their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Oppenheimer upped their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. Finally, Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 target price for the company. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.