Quintet Private Bank Europe S.A. Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

Quintet Private Bank Europe S.A. raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 16.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,828 shares of the business services provider’s stock after buying an additional 398 shares during the period. Quintet Private Bank Europe S.A.’s holdings in S&P Global were worth $1,461,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPGI. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of S&P Global by 107.2% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after acquiring an additional 2,962 shares during the last quarter. Quadrature Capital Ltd acquired a new position in S&P Global during the 1st quarter valued at approximately $2,236,000. O Shaughnessy Asset Management LLC raised its holdings in shares of S&P Global by 21.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after buying an additional 6,162 shares during the last quarter. Nwam LLC raised its holdings in shares of S&P Global by 45.5% in the first quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after buying an additional 326 shares during the last quarter. Finally, Banco Santander S.A. lifted its stake in shares of S&P Global by 38.9% during the first quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock worth $6,252,000 after buying an additional 4,114 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of S&P Global stock traded up $1.83 during mid-day trading on Monday, reaching $485.14. 125,337 shares of the stock traded hands, compared to its average volume of 1,194,992. The stock has a market capitalization of $150.54 billion, a PE ratio of 42.66, a PEG ratio of 2.47 and a beta of 1.18. The business has a 50-day moving average of $512.45 and a 200 day moving average of $473.62. S&P Global Inc. has a fifty-two week low of $381.33 and a fifty-two week high of $533.29. The company has a quick ratio of 1.03, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.75%. S&P Global’s payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SPGI. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Bank of America increased their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. 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 report on Monday, October 28th. Oppenheimer increased their price target 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. Finally, BMO Capital Markets decreased their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $571.31.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

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.