S&P Global Inc. (NYSE:SPGI) Stake Reduced by Quest Partners LLC

Quest Partners LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 28.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,652 shares of the business services provider’s stock after selling 1,448 shares during the quarter. Quest Partners LLC’s holdings in S&P Global were worth $1,887,000 as of its most recent filing with the SEC.

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

S&P Global Trading Down 0.1 %

NYSE:SPGI opened at $503.00 on Tuesday. The stock has a fifty day simple moving average of $510.21 and a 200 day simple moving average of $480.23. 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 $156.08 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 1-year low of $407.53 and a 1-year high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the company posted $3.21 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Sell-side analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

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 issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio is 32.13%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SPGI shares. Oppenheimer upped their price objective on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group increased their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

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.