Geneva Capital Management LLC Sells 273 Shares of S&P Global Inc. (NYSE:SPGI)

Geneva Capital Management LLC lowered its position in S&P Global Inc. (NYSE:SPGI) by 8.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,143 shares of the business services provider’s stock after selling 273 shares during the quarter. Geneva Capital Management LLC’s holdings in S&P Global were worth $1,624,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPGI. Capital International Investors grew its position 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 worth $2,464,951,000 after acquiring an additional 291,712 shares in the last quarter. Legal & General Group Plc grew its position 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 worth $1,260,665,000 after acquiring an additional 29,227 shares in the last quarter. Ameriprise Financial Inc. grew its position 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 worth $1,115,697,000 after acquiring an additional 298,645 shares in the last quarter. Clearbridge Investments LLC grew its position in S&P Global by 1.4% in the second quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after acquiring an additional 20,624 shares in the last quarter. Finally, Fayez Sarofim & Co grew its position in S&P Global by 0.6% in the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider’s stock worth $620,366,000 after acquiring an additional 8,435 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several research reports. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Royal Bank of Canada upped their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Oppenheimer upped their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, Barclays upped their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. 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, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Performance

S&P Global stock opened at $510.29 on Thursday. 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 firm has a 50-day moving average of $510.80 and a 200-day moving average of $477.67. The firm has a market cap of $158.34 billion, a P/E ratio of 45.04, a P/E/G ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 1-year low of $398.73 and a 1-year high of $533.29.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

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.