Horizon Kinetics Asset Management LLC Sells 171 Shares of S&P Global Inc. (NYSE:SPGI)

Horizon Kinetics Asset Management LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,465 shares of the business services provider’s stock after selling 171 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in S&P Global were worth $9,539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp boosted its position in shares of S&P Global by 27.1% in the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after purchasing an additional 6,025 shares during the period. SVB Wealth LLC lifted its stake in shares of S&P Global by 47.4% during the 1st quarter. SVB Wealth LLC now owns 5,159 shares of the business services provider’s stock valued at $2,195,000 after buying an additional 1,659 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in S&P Global by 31.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 10,713 shares of the business services provider’s stock worth $4,558,000 after buying an additional 2,567 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in S&P Global by 2.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,130 shares of the business services provider’s stock worth $481,000 after buying an additional 30 shares in the last quarter. Finally, Vancity Investment Management Ltd raised its holdings in S&P Global by 20.5% during the first quarter. Vancity Investment Management Ltd now owns 52,598 shares of the business services provider’s stock valued at $22,377,000 after acquiring an additional 8,934 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BMO Capital Markets dropped their price objective 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. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. UBS Group increased their price objective 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 target price 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. Finally, 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Price Performance

SPGI stock opened at $514.46 on Monday. 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 stock has a market cap of $159.64 billion, a PE ratio of 45.41, a P/E/G ratio of 2.63 and a beta of 1.18. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a 50-day moving average price of $509.35 and a 200 day moving average price of $482.51.

S&P Global (NYSE:SPGI) last released its earnings results 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. 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 business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. Equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced 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 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) 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.