Horizon Kinetics Asset Management LLC Sells 171 Shares of S&P Global Inc. (NYSE:SPGI)

Horizon Kinetics Asset Management LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,465 shares of the business services provider’s stock after selling 171 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in S&P Global were worth $9,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Dupont Capital Management Corp boosted its position in shares of S&P Global by 27.1% during 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 acquiring an additional 6,025 shares during the last quarter. SVB Wealth LLC lifted its position in S&P Global by 47.4% during the first quarter. SVB Wealth LLC now owns 5,159 shares of the business services provider’s stock valued at $2,195,000 after purchasing an additional 1,659 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in S&P Global by 31.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 10,713 shares of the business services provider’s stock worth $4,558,000 after buying an additional 2,567 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of S&P Global by 2.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,130 shares of the business services provider’s stock worth $481,000 after buying an additional 30 shares during the last quarter. Finally, Vancity Investment Management Ltd raised its position in shares of S&P Global by 20.5% during the 1st quarter. Vancity Investment Management Ltd now owns 52,598 shares of the business services provider’s stock valued at $22,377,000 after buying an additional 8,934 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SPGI shares. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Barclays raised their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

Shares of SPGI opened at $514.46 on Monday. The company has a market capitalization of $159.64 billion, a P/E ratio of 45.41, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. 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 has a 50 day moving average of $509.35 and a 200 day moving average of $482.51.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

S&P Global 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.