Pegasus Partners Ltd. Buys 190 Shares of S&P Global Inc. (NYSE:SPGI)

Pegasus Partners Ltd. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 940 shares of the business services provider’s stock after purchasing an additional 190 shares during the quarter. Pegasus Partners Ltd.’s holdings in S&P Global were worth $486,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Swedbank AB acquired a new position in shares of S&P Global in the 1st quarter valued at $351,774,000. International Assets Investment Management LLC boosted its holdings in S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after purchasing an additional 360,909 shares during the period. Third Point LLC acquired a new position in shares of S&P Global in the 1st quarter worth approximately $142,526,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 1.2 %

SPGI opened at $502.82 on Friday. The firm has a 50 day simple moving average of $511.07 and a 200 day simple moving average of $475.53. S&P Global Inc. has a fifty-two week low of $385.38 and a fifty-two week high of $533.29. The company has a market cap of $156.03 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. 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 posted 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 return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on SPGI shares. Barclays upped their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. UBS Group boosted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America raised their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. reduced their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.