S&P Global Inc. (NYSE:SPGI) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,598 shares of the business services provider's stock after acquiring an additional 3,093 shares during the quarter. Sanctuary Advisors LLC's holdings in S&P Global were worth $14,198,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. GDS Wealth Management increased its stake in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider's stock valued at $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Pinnacle Financial Partners Inc boosted its holdings in shares of S&P Global by 3.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider's stock valued at $24,645,000 after purchasing an additional 1,806 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of S&P Global by 53.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock valued at $2,784,000 after buying an additional 1,936 shares during the period. Entropy Technologies LP acquired a new stake in shares of S&P Global during the 3rd quarter worth $3,056,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of S&P Global in the 2nd quarter worth $534,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 1.4 %

SPGI traded down $7.12 during trading on Friday, hitting $505.75. The company had a trading volume of 1,191,823 shares, compared to its average volume of 1,209,018. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $156.93 billion, a PE ratio of 44.62, a P/E/G ratio of 2.64 and a beta of 1.19. The business has a 50-day moving average of $509.28 and a 200-day moving average of $490.35.

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. As a group, analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, November 26th. S&P Global's dividend payout ratio (DPR) is presently 32.13%.

Analyst Ratings Changes

A number of research firms have recently commented on SPGI. BMO Capital Markets cut their price objective on S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Morgan Stanley increased their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a research report on Thursday. Wells Fargo & Company lifted their price target 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. Barclays increased their price target on S&P Global from $550.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, September 13th. Finally, UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $573.23.

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.