S&P Global Inc. (NYSE:SPGI) Shares Sold by Fiera Capital Corp

Fiera Capital Corp trimmed its position in S&P Global Inc. (NYSE:SPGI) by 8.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 830,743 shares of the business services provider’s stock after selling 76,143 shares during the quarter. S&P Global makes up approximately 1.3% of Fiera Capital Corp’s portfolio, making the stock its 24th largest position. Fiera Capital Corp owned approximately 0.27% of S&P Global worth $429,178,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the third quarter worth $27,000. Sachetta LLC grew its stake in shares of 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 in the last quarter. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the 3rd quarter valued at $31,000. HWG Holdings LP bought a new stake in S&P Global during the second quarter worth approximately $27,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Stifel Nicolaus increased 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. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Oppenheimer increased their price target 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. Finally, Royal Bank of Canada raised their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Trading Up 1.7 %

Shares of NYSE:SPGI traded up $8.66 on Friday, hitting $505.76. The company had a trading volume of 353,825 shares, compared to its average volume of 1,208,544. 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’s 50-day simple moving average is $511.49 and its two-hundred day simple moving average is $474.78. S&P Global Inc. has a 1 year low of $385.38 and a 1 year high of $533.29. The firm has a market capitalization of $156.94 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 2.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly 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. The business had revenue of $3.58 billion during 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 business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.21 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

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.