S&P Global Inc. (NYSE:SPGI) Shares Acquired by Hilltop Holdings Inc.

Hilltop Holdings Inc. raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 605.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 13,323 shares of the business services provider’s stock after buying an additional 11,435 shares during the period. Hilltop Holdings Inc.’s holdings in S&P Global were worth $6,882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the third quarter valued at approximately $27,000. First Personal Financial Services bought a new position in S&P Global during the 3rd quarter valued at $29,000. Sachetta LLC increased its position in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter worth $31,000. Finally, HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at $27,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.1 %

Shares of S&P Global stock opened at $522.99 on Tuesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a market cap of $162.28 billion, a P/E ratio of 46.16, a P/E/G ratio of 2.67 and a beta of 1.19. 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 has a 50-day moving average price of $509.21 and a 200 day moving average price of $485.71.

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, topping 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 analysts’ expectations of $3.43 billion. During the same period last year, the company posted $3.21 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SPGI shares. JPMorgan Chase & Co. lowered their target price 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. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Stifel Nicolaus increased their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. BMO Capital Markets decreased their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on 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 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.