S&P Global Inc. (NYSE:SPGI) Shares Acquired by Pathstone Holdings LLC

Pathstone Holdings LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 54,543 shares of the business services provider’s stock after acquiring an additional 1,151 shares during the period. Pathstone Holdings LLC’s holdings in S&P Global were worth $28,178,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada upped their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Performance

NYSE SPGI opened at $503.00 on Tuesday. The business’s 50-day simple moving average is $510.21 and its 200-day simple moving average is $480.23. The firm has a market capitalization of $156.08 billion, a P/E ratio of 44.40, a P/E/G ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 1-year low of $407.53 and a 1-year high of $533.29. 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 results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the company posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. Equities analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

S&P Global 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.