S&P Global Inc. (NYSE:SPGI) is TCW Group Inc.'s 10th Largest Position

TCW Group Inc. cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 345,501 shares of the business services provider's stock after selling 38,395 shares during the quarter. S&P Global comprises 1.6% of TCW Group Inc.'s portfolio, making the stock its 10th biggest position. TCW Group Inc. owned about 0.11% of S&P Global worth $178,493,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on shares of 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. Morgan Stanley raised their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Wells Fargo & Company increased their price target on S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a research report on Wednesday, October 9th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, Barclays boosted 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. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Trading Up 0.8 %

Shares of NYSE:SPGI traded up $4.11 during midday trading on Wednesday, hitting $516.26. 882,226 shares of the stock traded hands, compared to its average volume of 1,211,004. The stock has a market capitalization of $160.20 billion, a PE ratio of 45.57, a P/E/G ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The business's 50 day moving average is $509.41 and its two-hundred day moving average is $489.53. 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 posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the firm posted $3.21 earnings per share. S&P Global's quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio (DPR) is presently 32.13%.

S&P Global Company 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.