Geneva Partners LLC Purchases Shares of 5,743 S&P Global Inc. (NYSE:SPGI)

Geneva Partners LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,743 shares of the business services provider’s stock, valued at approximately $2,845,000. S&P Global accounts for about 1.2% of Geneva Partners LLC’s holdings, making the stock its 27th largest holding.

A number of other hedge funds have also modified their holdings of SPGI. Swedbank AB acquired a new position in shares of S&P Global during the 1st quarter worth about $351,774,000. International Assets Investment Management LLC raised its holdings in S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in S&P Global by 352.2% during the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after acquiring an additional 360,909 shares in the last quarter. Third Point LLC acquired a new position in S&P Global during the first quarter valued at approximately $142,526,000. Finally, Ameriprise Financial Inc. grew its stake in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

S&P Global stock opened at $485.77 on Tuesday. The company has a market capitalization of $150.73 billion, a price-to-earnings ratio of 42.87, a PEG ratio of 2.48 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $381.33 and a 12 month high of $533.29. The stock’s 50 day moving average is $512.12 and its 200-day moving average is $474.13.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the firm posted $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts expect that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Insider Buying and Selling at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Robert W. Baird upped their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $571.31.

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.