NS Partners Ltd Buys 1,506 Shares of S&P Global Inc. (NYSE:SPGI)

NS Partners Ltd boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,313 shares of the business services provider’s stock after acquiring an additional 1,506 shares during the quarter. S&P Global comprises about 1.9% of NS Partners Ltd’s investment portfolio, making the stock its 12th biggest position. NS Partners Ltd’s holdings in S&P Global were worth $44,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. HWG Holdings LP bought a new position in shares of S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the third quarter valued at approximately $27,000. Sachetta LLC grew its stake in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. First Personal Financial Services bought a new position in shares of S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global in the second quarter valued at approximately $31,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. UBS Group boosted their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Down 0.1 %

S&P Global stock opened at $502.31 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $155.87 billion, a price-to-earnings ratio of 44.33, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 1-year low of $407.53 and a 1-year high of $533.29. The business has a fifty day moving average price of $509.86 and a 200-day moving average price of $480.77.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 firm had revenue of $3.58 billion during 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. Equities research analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced 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. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

S&P Global 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.