Quarry LP Purchases Shares of 106 S&P Global Inc. (NYSE:SPGI)

Quarry LP acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, Holdings Channel reports. The institutional investor acquired 106 shares of the business services provider’s stock, valued at approximately $55,000.

Other hedge funds have also modified their holdings of the company. Royal London Asset Management Ltd. raised its position in S&P Global by 3.3% in the 3rd quarter. Royal London Asset Management Ltd. now owns 159,613 shares of the business services provider’s stock valued at $82,459,000 after purchasing an additional 5,061 shares in the last quarter. IHT Wealth Management LLC raised its holdings in S&P Global by 21.3% in the third quarter. IHT Wealth Management LLC now owns 2,548 shares of the business services provider’s stock valued at $1,310,000 after acquiring an additional 447 shares in the last quarter. Investment Management Corp of Ontario raised its holdings in S&P Global by 48.9% in the third quarter. Investment Management Corp of Ontario now owns 10,664 shares of the business services provider’s stock valued at $5,509,000 after acquiring an additional 3,500 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of S&P Global by 5.1% in the 3rd quarter. Janus Henderson Group PLC now owns 289,480 shares of the business services provider’s stock valued at $149,538,000 after purchasing an additional 13,952 shares during the last quarter. Finally, Harris Associates L P increased its position in shares of S&P Global by 8.2% in the 3rd quarter. Harris Associates L P now owns 1,104 shares of the business services provider’s stock valued at $570,000 after purchasing an additional 84 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.6 %

Shares of S&P Global stock opened at $513.45 on Tuesday. The company’s fifty day moving average is $509.41 and its two-hundred day moving average is $489.01. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $159.32 billion, a P/E ratio of 45.32, a PEG ratio of 2.64 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm posted $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets cut their target price on 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. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Evercore ISI began coverage on shares of 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 equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price 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.