Quest Partners LLC Lowers Position in S&P Global Inc. (NYSE:SPGI)

Quest Partners LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 28.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,652 shares of the business services provider's stock after selling 1,448 shares during the period. Quest Partners LLC's holdings in S&P Global were worth $1,887,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Swedbank AB bought a new stake in shares of S&P Global during the first quarter worth $351,774,000. International Assets Investment Management LLC grew its holdings in shares of S&P Global by 174,815.4% during the third 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. grew its holdings in shares of S&P Global by 352.2% during the second 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 during the last quarter. Third Point LLC bought a new stake in shares of S&P Global during the first quarter worth $142,526,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of SPGI traded down $0.69 during midday trading on Tuesday, hitting $502.31. The company's stock had a trading volume of 1,283,460 shares, compared to its average volume of 1,210,792. S&P Global Inc. has a one year low of $407.53 and a one year high of $533.29. The company's fifty day simple moving average is $510.21 and its two-hundred day simple moving average is $480.23. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $155.87 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 EPS. As a group, equities analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 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 is currently 32.13%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, October 25th. BMO Capital Markets decreased their price objective on S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Morgan Stanley lifted their target price on S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada lifted their price objective on S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.