Two Sigma Advisers LP Sells 88,900 Shares of S&P Global Inc. (NYSE:SPGI)

Two Sigma Advisers LP trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 57.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,043 shares of the business services provider's stock after selling 88,900 shares during the period. Two Sigma Advisers LP's holdings in S&P Global were worth $34,636,000 at the end of the most recent quarter.

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

S&P Global Trading Up 0.6 %

Shares of S&P Global stock traded up $2.88 during trading on Friday, reaching $516.77. 914,277 shares of the company were exchanged, compared to its average volume of 1,174,083. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The business has a 50-day moving average price of $509.48 and a 200-day moving average price of $488.14. 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 firm has a market capitalization of $160.35 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 2.66 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations 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 revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company boosted 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 raised their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a report on Friday, September 13th. Finally, Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Two research 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, S&P Global presently has an average rating of "Moderate Buy" and an average target price of $571.31.

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.