Ycg LLC Purchases 2,496 Shares of S&P Global Inc. (NYSE:SPGI)

Ycg LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 82,222 shares of the business services provider’s stock after acquiring an additional 2,496 shares during the period. S&P Global comprises about 3.3% of Ycg LLC’s holdings, making the stock its 14th biggest holding. Ycg LLC’s holdings in S&P Global were worth $42,477,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPGI. Capital International Investors boosted its holdings in S&P Global by 5.3% in the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after acquiring an additional 291,712 shares in the last quarter. Legal & General Group Plc boosted its holdings in S&P Global by 1.0% in the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after acquiring an additional 29,227 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings in S&P Global by 2.1% in the first quarter. Sustainable Growth Advisers LP now owns 2,199,754 shares of the business services provider’s stock valued at $935,885,000 after acquiring an additional 46,131 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of S&P Global by 1.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after buying an additional 20,624 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI traded up $5.72 during trading on Friday, hitting $502.82. The company’s stock had a trading volume of 1,343,093 shares, compared to its average volume of 1,279,729. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $385.38 and a twelve month high of $533.29. The business’s fifty day simple moving average is $511.07 and its 200 day simple moving average is $475.97. The firm has a market capitalization of $156.03 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 2.50 and a beta of 1.18.

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 analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. dropped 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 report on Friday, October 25th. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. 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 target for the company. Finally, Barclays lifted their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.