Two Sigma Advisers LP Trims Position in S&P Global Inc. (NYSE:SPGI)

Two Sigma Advisers LP trimmed its position in S&P Global Inc. (NYSE:SPGI) by 57.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,043 shares of the business services provider’s stock after selling 88,900 shares during the period. Two Sigma Advisers LP’s holdings in S&P Global were worth $34,636,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in S&P Global during the third quarter valued at $27,000. First Personal Financial Services bought a new position in shares of S&P Global in the third quarter worth about $29,000. Sachetta LLC lifted 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 buying an additional 30 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the 3rd quarter valued at approximately $31,000. Finally, HWG Holdings LP purchased a new stake in S&P Global in the 2nd quarter worth approximately $27,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 0.6 %

Shares of SPGI opened at $516.77 on Friday. 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 $160.35 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 2.66 and a beta of 1.19. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The business’s 50 day simple moving average is $509.48 and its 200-day simple moving average is $488.14.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 earnings per share. S&P Global’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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 given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPGI. Morgan Stanley lifted their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird upped 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. UBS Group raised 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. Finally, Barclays upped their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $571.31.

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.