S&P Global Inc. (NYSE:SPGI) Shares Bought by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 78.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,022 shares of the business services provider’s stock after purchasing an additional 13,226 shares during the quarter. Tidal Investments LLC’s holdings in S&P Global were worth $15,510,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in shares of S&P Global in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $27,000. Sachetta LLC increased its stake in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global during the second quarter worth approximately $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPGI. JPMorgan Chase & Co. lowered their target price 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. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. BMO Capital Markets reduced 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 report on Friday, October 25th. Oppenheimer increased 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 report on Thursday, October 3rd. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

Shares of NYSE SPGI traded down $0.88 during midday trading on Thursday, reaching $515.39. The company’s stock had a trading volume of 104,117 shares, compared to its average volume of 1,206,199. The company has a market cap of $159.93 billion, a price-to-earnings ratio of 45.57, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. 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 company has a 50 day moving average price of $509.45 and a 200 day moving average price of $489.72.

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 (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 earnings per share. On average, equities research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, November 26th. S&P Global’s dividend payout ratio is 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.