S&P Global Inc. (NYSE:SPGI) Shares Sold by Quest Partners LLC

Quest Partners LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 28.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,652 shares of the business services provider’s stock after selling 1,448 shares during the quarter. Quest Partners LLC’s holdings in S&P Global were worth $1,887,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dupont Capital Management Corp lifted its stake in shares of S&P Global by 27.1% in the 1st 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 in the last quarter. Lake Street Advisors Group LLC grew its stake in S&P Global by 111.2% during the first quarter. Lake Street Advisors Group LLC now owns 4,698 shares of the business services provider’s stock worth $1,999,000 after buying an additional 2,474 shares during the period. Natixis increased its position in shares of S&P Global by 26.9% in the first quarter. Natixis now owns 45,910 shares of the business services provider’s stock worth $19,532,000 after acquiring an additional 9,735 shares in the last quarter. Natixis Investment Managers International raised its stake in shares of S&P Global by 26.5% in the 1st quarter. Natixis Investment Managers International now owns 434 shares of the business services provider’s stock valued at $185,000 after acquiring an additional 91 shares during the period. Finally, Ossiam raised its stake in shares of S&P Global by 196.0% in the 1st quarter. Ossiam now owns 43,349 shares of the business services provider’s stock valued at $18,443,000 after acquiring an additional 28,706 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Barclays lifted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Performance

Shares of SPGI stock opened at $503.00 on Tuesday. The stock has a market capitalization of $156.08 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a one year low of $407.53 and a one year high of $533.29. The company’s 50-day simple moving average is $510.21 and its 200-day simple moving average is $480.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

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. Equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders 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 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

About S&P Global

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.