Townsquare Capital LLC Has $8.67 Million Position in S&P Global Inc. (NYSE:SPGI)

Townsquare Capital LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,789 shares of the business services provider’s stock after purchasing an additional 1,518 shares during the quarter. Townsquare Capital LLC’s holdings in S&P Global were worth $8,674,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of SPGI. Dupont Capital Management Corp grew its position in 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 during the period. B. Riley Wealth Advisors Inc. lifted its stake in S&P Global by 6.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,623 shares of the business services provider’s stock valued at $1,967,000 after acquiring an additional 264 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in S&P Global by 17.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,711 shares of the business services provider’s stock valued at $1,579,000 after acquiring an additional 539 shares in the last quarter. Strategic Wealth Partners Ltd. lifted its stake in S&P Global by 14.0% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 2,179 shares of the business services provider’s stock valued at $927,000 after acquiring an additional 268 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in S&P Global by 1.0% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 5,375 shares of the business services provider’s stock valued at $2,287,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.2 %

Shares of S&P Global stock opened at $522.96 on Thursday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock’s 50-day simple moving average is $509.26 and its 200 day simple moving average is $484.04. The stock has a market capitalization of $162.27 billion, a P/E ratio of 46.16, a P/E/G ratio of 2.66 and a beta of 1.18. 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 (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 business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the business posted $3.21 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

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 paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SPGI. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Royal Bank of Canada raised their price objective 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. 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 raised their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Barclays lifted their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

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.