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

Tranquility Partners LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,395 shares of the business services provider’s stock after selling 50 shares during the quarter. Tranquility Partners LLC’s holdings in S&P Global were worth $1,237,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Swedbank AB acquired a new position in S&P Global during the first quarter worth approximately $351,774,000. International Assets Investment Management LLC increased its holdings in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after buying an additional 466,757 shares during the last quarter. Assenagon Asset Management S.A. raised its position 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 worth $206,669,000 after buying an additional 360,909 shares during the period. Third Point LLC acquired a new position in S&P Global in the first quarter valued at $142,526,000. Finally, Ameriprise Financial Inc. grew its position in S&P Global by 13.5% during 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 during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Oppenheimer upped their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Performance

S&P Global stock opened at $503.00 on Tuesday. 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 Inc. has a 12 month low of $407.53 and a 12 month high of $533.29. The company has a fifty day moving average price of $510.21 and a two-hundred day moving average price of $480.23. The company has a market cap of $156.08 billion, a PE ratio of 44.40, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the business posted $3.21 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts expect that S&P Global Inc. will post 15.24 earnings per share 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. Shareholders 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 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. 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.