Citizens Financial Group Inc. RI Has $2.03 Million Position in S&P Global Inc. (NYSE:SPGI)

Citizens Financial Group Inc. RI increased its holdings in S&P Global Inc. (NYSE:SPGI) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,923 shares of the business services provider’s stock after purchasing an additional 193 shares during the period. Citizens Financial Group Inc. RI’s holdings in S&P Global were worth $2,027,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Swedbank AB acquired a new position in S&P Global during the 1st quarter worth $351,774,000. International Assets Investment Management LLC raised its stake in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after buying an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $224,976,000. Assenagon Asset Management S.A. increased its position in shares of 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. Finally, Third Point LLC acquired a new stake in S&P Global in the 1st quarter valued at approximately $142,526,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $512.26 on Friday. The stock has a fifty day moving average price of $509.45 and a 200-day moving average price of $481.15. The company has a market cap of $158.96 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. 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 quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s dividend payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Robert W. Baird upped their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Royal Bank of Canada increased their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.