Logan Capital Management Inc. Sells 3,581 Shares of S&P Global Inc. (NYSE:SPGI)

Logan Capital Management Inc. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 13.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,202 shares of the business services provider's stock after selling 3,581 shares during the quarter. Logan Capital Management Inc.'s holdings in S&P Global were worth $11,987,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPGI. HWG Holdings LP purchased a new stake in shares of S&P Global during the second quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $27,000. Sachetta LLC boosted its position in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after buying an additional 30 shares in the last quarter. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter worth $29,000. Finally, Hobbs Group Advisors LLC bought a new position in S&P Global in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. 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 research note on Friday, October 25th. BMO Capital Markets cut their price target 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. Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Raymond James lowered S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Finally, Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $573.23.

S&P Global Trading Down 1.4 %

NYSE SPGI traded down $7.12 during trading hours on Friday, reaching $505.75. The company's stock had a trading volume of 1,191,823 shares, compared to its average volume of 1,209,018. The firm has a fifty day simple moving average of $509.28 and a 200-day simple moving average of $490.35. 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 52 week low of $407.69 and a 52 week high of $533.29. The stock has a market cap of $156.93 billion, a P/E ratio of 44.62, a P/E/G ratio of 2.64 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 earnings per share. Equities analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Tuesday, November 26th. S&P Global's dividend payout ratio is currently 32.13%.

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.