S&P Global Inc. (NYSE:SPGI) Shares Acquired by Empirical Finance LLC

Empirical Finance LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,417 shares of the business services provider’s stock after purchasing an additional 263 shares during the quarter. Empirical Finance LLC’s holdings in S&P Global were worth $5,382,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SPGI. Dupont Capital Management Corp grew its holdings in 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 worth $12,019,000 after acquiring an additional 6,025 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in S&P Global by 1.0% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,077 shares of the business services provider’s stock worth $1,309,000 after buying an additional 30 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of S&P Global during the 1st quarter worth about $74,000. Nwam LLC boosted its holdings in S&P Global by 45.5% in the first quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 326 shares in the last quarter. Finally, Banco Santander S.A. raised its holdings in S&P Global by 38.9% during the first quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock worth $6,252,000 after purchasing an additional 4,114 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer raised their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company raised their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, 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 research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Up 0.1 %

S&P Global stock opened at $510.64 on Friday. The stock’s 50 day moving average price is $510.74 and its 200 day moving average price is $477.90. The company has a market cap of $158.45 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1-year low of $401.58 and a 1-year high of $533.29.

S&P Global (NYSE:SPGI) last issued its 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 net margin of 25.80% and a return on equity of 13.72%. The company 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 business posted $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

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