Factorial Partners LLC Has $2.84 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Factorial Partners LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 5,500 shares of the business services provider’s stock after selling 200 shares during the quarter. S&P Global makes up approximately 1.6% of Factorial Partners LLC’s investment portfolio, making the stock its 28th biggest holding. Factorial Partners LLC’s holdings in S&P Global were worth $2,841,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SPGI. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the third quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in S&P Global in the 3rd quarter valued at $29,000. Sachetta LLC increased its holdings 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 buying an additional 30 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of S&P Global in the 3rd quarter valued at $31,000. Finally, HWG Holdings LP bought a new position in shares of S&P Global during the 2nd quarter worth about $27,000. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on SPGI shares. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Royal Bank of Canada increased their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Down 0.1 %

SPGI opened at $502.31 on Wednesday. S&P Global Inc. has a 1-year low of $407.53 and a 1-year high of $533.29. The stock has a market capitalization of $155.87 billion, a PE ratio of 44.33, a PEG ratio of 2.57 and a beta of 1.18. 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 50-day moving average price of $509.86 and a two-hundred day moving average price of $480.77.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio is presently 32.13%.

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.