S&P Global Inc. (NYSE:SPGI) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 30.3% during the third quarter, HoldingsChannel reports. The fund owned 3,256 shares of the business services provider’s stock after selling 1,416 shares during the period. Cornercap Investment Counsel Inc.’s holdings in S&P Global were worth $1,682,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Dupont Capital Management Corp grew its holdings in 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 valued at $12,019,000 after purchasing an additional 6,025 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in S&P Global by 1.0% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,077 shares of the business services provider’s stock valued at $1,309,000 after purchasing an additional 30 shares during the last quarter. Twin Tree Management LP acquired a new stake in S&P Global in the first quarter valued at $74,000. Nwam LLC grew its holdings in S&P Global by 45.5% in the first quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 326 shares during the last quarter. Finally, Banco Santander S.A. lifted its position in shares of S&P Global by 38.9% in the first quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock valued at $6,252,000 after acquiring an additional 4,114 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer upped their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. JPMorgan Chase & Co. reduced 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. Finally, Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

Shares of NYSE SPGI opened at $510.64 on Friday. S&P Global Inc. has a fifty-two week low of $401.58 and a fifty-two week high of $533.29. The business has a 50 day moving average price of $510.74 and a two-hundred day moving average price of $477.90. 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 cap of $158.45 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping 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 last year, the business posted $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. Sell-side analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) 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.