Qsemble Capital Management LP Buys New Stake in S&P Global Inc. (NYSE:SPGI)

Qsemble Capital Management LP acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 5,441 shares of the business services provider’s stock, valued at approximately $2,811,000.

Several other large investors also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC purchased a new position in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the 3rd quarter worth approximately $29,000. Sachetta LLC grew 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 last quarter. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in the third quarter valued at approximately $31,000. Finally, HWG Holdings LP purchased a new position in S&P Global during the second quarter worth $27,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.1 %

SPGI stock opened at $520.34 on Tuesday. The firm’s 50-day simple moving average is $509.21 and its 200 day simple moving average is $483.13. The stock has a market cap of $161.46 billion, a PE ratio of 45.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results 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 net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the firm posted $3.21 EPS. S&P Global’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued 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 payout ratio is 32.13%.

Analyst Ratings Changes

Several brokerages have weighed in on SPGI. Royal Bank of Canada increased their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Morgan Stanley upped their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Robert W. Baird raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

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.