Qsemble Capital Management LP Acquires Shares of 5,441 S&P Global Inc. (NYSE:SPGI)

Qsemble Capital Management LP purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, Holdings Channel reports. The institutional investor purchased 5,441 shares of the business services provider’s stock, valued at approximately $2,811,000.

A number of other hedge funds have also made changes to their positions in the stock. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services acquired a new position in shares of S&P Global during the 3rd quarter worth about $29,000. Sachetta LLC grew 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 worth $29,000 after acquiring an additional 30 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the 3rd quarter worth about $31,000. Finally, HWG Holdings LP acquired a new stake in shares of S&P Global during the 2nd quarter worth approximately $27,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. Morgan Stanley upped their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Up 1.1 %

SPGI stock opened at $520.34 on Tuesday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a market capitalization of $161.46 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The company’s 50-day simple moving average is $509.21 and its 200 day simple moving average is $483.13. 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 announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 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.