S&P Global Inc. (NYSE:SPGI) Shares Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 102.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,422 shares of the business services provider's stock after acquiring an additional 3,251 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in S&P Global were worth $3,318,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPGI. GDS Wealth Management boosted its holdings in S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider's stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Pinnacle Financial Partners Inc raised its position in shares of S&P Global by 3.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider's stock valued at $24,645,000 after purchasing an additional 1,806 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of S&P Global by 53.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock valued at $2,784,000 after buying an additional 1,936 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of S&P Global during the third quarter worth approximately $3,056,000. Finally, Sanctuary Advisors LLC increased its stake in shares of S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider's stock worth $14,198,000 after buying an additional 3,093 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded down $7.12 during mid-day trading on Friday, reaching $505.75. The company had a trading volume of 1,191,823 shares, compared to its average volume of 1,209,018. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The stock has a market capitalization 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. 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's 50-day simple moving average is $509.28 and its two-hundred day simple moving average is $490.35.

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, beating 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 firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm posted $3.21 EPS. S&P Global's quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th were given 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 is currently 32.13%.

Analysts Set New Price Targets

Several research analysts have weighed in on SPGI shares. Wells Fargo & Company raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. BMO Capital Markets decreased their price target on S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Morgan Stanley upped their price objective on 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 target price on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Oppenheimer upped their price target on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $573.23.

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.