Impax Asset Management Group plc Reduces Position in S&P Global Inc. (NYSE:SPGI)

Impax Asset Management Group plc cut its position in S&P Global Inc. (NYSE:SPGI) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 8,147 shares of the business services provider’s stock after selling 218 shares during the quarter. Impax Asset Management Group plc’s holdings in S&P Global were worth $4,209,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dupont Capital Management Corp boosted its holdings in shares of 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 buying an additional 6,025 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of S&P Global in the 1st quarter valued at $74,000. Nwam LLC boosted its holdings in shares of S&P Global by 45.5% in the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after buying an additional 326 shares in the last quarter. M&G Plc acquired a new position in shares of S&P Global in the 1st quarter valued at $20,725,000. Finally, Intech Investment Management LLC boosted its stake in S&P Global by 255.1% during the 1st quarter. Intech Investment Management LLC now owns 9,861 shares of the business services provider’s stock worth $4,195,000 after purchasing an additional 7,084 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $503.29 on Friday. The company has a 50-day simple moving average of $510.62 and a 200-day simple moving average of $478.13. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $156.17 billion, a PE ratio of 44.42, a P/E/G ratio of 2.61 and a beta of 1.18. S&P Global Inc. has a 52-week low of $401.79 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly 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. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.21 EPS. Equities research analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Ratings Changes

A number of analysts recently weighed in on SPGI shares. Oppenheimer increased their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Morgan Stanley increased their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets decreased their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

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.