S&P Global Inc. (NYSE:SPGI) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC raised its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 54,543 shares of the business services provider's stock after acquiring an additional 1,151 shares during the period. Pathstone Holdings LLC's holdings in S&P Global were worth $28,178,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SPGI. Capital International Investors raised its stake in S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider's stock worth $2,464,951,000 after purchasing an additional 291,712 shares during the period. Legal & General Group Plc increased its holdings in shares of S&P Global by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider's stock worth $1,260,665,000 after buying an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock worth $1,115,697,000 after buying an additional 298,645 shares during the period. Clearbridge Investments LLC boosted its holdings in S&P Global by 1.4% in the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider's stock valued at $651,682,000 after acquiring an additional 20,624 shares during the last quarter. Finally, Fayez Sarofim & Co grew its position in S&P Global by 0.6% during the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider's stock valued at $620,366,000 after acquiring an additional 8,435 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded down $0.69 during midday trading on Tuesday, reaching $502.31. The company had a trading volume of 1,224,032 shares, compared to its average volume of 1,210,792. The firm has a market capitalization of $155.87 billion, a PE ratio of 44.33, a P/E/G ratio of 2.57 and a beta of 1.18. The stock 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 fifty-two week low of $407.53 and a fifty-two 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.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 dividend on an annualized basis and a yield of 0.72%. S&P Global's dividend payout ratio (DPR) is presently 32.13%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Barclays increased their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Finally, Raymond James cut shares of S&P Global from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target 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.