3,393 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,393 shares of the business services provider's stock, valued at approximately $1,753,000.

Other large investors have also added to or reduced their stakes in the company. Soltis Investment Advisors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth about $215,000. Toronto Dominion Bank boosted its position in S&P Global by 1.3% during the third quarter. Toronto Dominion Bank now owns 161,383 shares of the business services provider's stock valued at $83,374,000 after purchasing an additional 2,050 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in S&P Global by 8.5% in the third quarter. Coldstream Capital Management Inc. now owns 8,568 shares of the business services provider's stock valued at $4,423,000 after purchasing an additional 668 shares in the last quarter. Geode Capital Management LLC increased its position in shares of S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after purchasing an additional 113,146 shares during the last quarter. Finally, Brophy Wealth Management LLC bought a new stake in shares of S&P Global during the 3rd quarter worth approximately $1,155,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of NYSE:SPGI traded down $7.30 during trading on Friday, reaching $505.57. 1,191,811 shares of the stock were exchanged, compared to its average volume of 1,209,018. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a 50-day moving average price of $509.41 and a 200-day moving average price of $489.88. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $156.88 billion, a PE ratio of 45.27, a PEG 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 business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 EPS. Research analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th were paid a $0.91 dividend. 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 32.13%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPGI. Morgan Stanley raised their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a research note on Thursday. 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. Raymond James lowered shares of S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. 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, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $573.23.

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.