DRW Securities LLC Decreases Holdings in S&P Global Inc. (NYSE:SPGI)

DRW Securities LLC lowered its position in S&P Global Inc. (NYSE:SPGI) by 59.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 986 shares of the business services provider’s stock after selling 1,453 shares during the quarter. DRW Securities LLC’s holdings in S&P Global were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Dupont Capital Management Corp boosted 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 valued at $12,019,000 after acquiring an additional 6,025 shares during the period. Silvercrest Asset Management Group LLC lifted its position in S&P Global by 31.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 10,713 shares of the business services provider’s stock valued at $4,558,000 after purchasing an additional 2,567 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of S&P Global by 6.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,623 shares of the business services provider’s stock valued at $1,967,000 after purchasing an additional 264 shares during the period. Tidal Investments LLC grew its holdings in shares of S&P Global by 2.3% in the first quarter. Tidal Investments LLC now owns 14,534 shares of the business services provider’s stock worth $6,178,000 after purchasing an additional 329 shares during the last quarter. Finally, Plato Investment Management Ltd grew its holdings in shares of S&P Global by 4,922.4% in the first quarter. Plato Investment Management Ltd now owns 4,269 shares of the business services provider’s stock worth $1,816,000 after purchasing an additional 4,184 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

SPGI opened at $521.96 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $161.96 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The stock has a fifty day simple moving average of $509.20 and a two-hundred day simple moving average of $483.76. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the business earned $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

SPGI has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. UBS Group upped their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer raised their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Royal Bank of Canada upped their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets cut their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research 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, the company 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.