Intech Investment Management LLC Purchases 3,983 Shares of S&P Global Inc. (NYSE:SPGI)

Intech Investment Management LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 26.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,879 shares of the business services provider’s stock after acquiring an additional 3,983 shares during the period. Intech Investment Management LLC’s holdings in S&P Global were worth $9,753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. HWG Holdings LP bought a new position in shares of S&P Global during the second quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the third quarter valued at $27,000. Sachetta LLC increased its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services bought a new position in S&P Global during the 3rd quarter worth $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in S&P Global during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPGI. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Royal Bank of Canada upped their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of 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. Finally, Morgan Stanley upped their price target 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. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Performance

Shares of SPGI opened at $512.26 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a market cap of $158.96 billion, a PE ratio of 45.21, a P/E/G ratio of 2.57 and a beta of 1.18. The stock has a 50-day moving average of $509.45 and a 200-day moving average of $481.15. 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 (NYSE:SPGI) last announced 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 during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the firm posted $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 payout ratio is 32.13%.

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.