S&P Global Inc. (NYSE:SPGI) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,105 shares of the business services provider’s stock after selling 22 shares during the quarter. Cable Hill Partners LLC’s holdings in S&P Global were worth $571,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB acquired a new stake in shares of S&P Global in the 1st quarter worth approximately $351,774,000. International Assets Investment Management LLC lifted its position in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the period. Assenagon Asset Management S.A. boosted its stake in S&P Global by 352.2% during 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 in the last quarter. Third Point LLC acquired a new position in shares of S&P Global during the 1st quarter valued at $142,526,000. Finally, Ameriprise Financial Inc. raised its stake 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. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on SPGI shares. Oppenheimer raised their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Royal Bank of Canada raised their price objective 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. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. dropped their price target 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 analysts have rated the stock with a hold rating and twelve have assigned 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 Stock Performance

Shares of SPGI stock opened at $510.29 on Thursday. The company has a market capitalization of $158.34 billion, a price-to-earnings 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. 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 stock’s fifty day simple moving average is $510.80 and its 200-day simple moving average is $477.67.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.21 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

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.