Brown Brothers Harriman & Co. Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

Brown Brothers Harriman & Co. decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 565,399 shares of the business services provider’s stock after selling 10,134 shares during the quarter. S&P Global makes up 2.0% of Brown Brothers Harriman & Co.’s holdings, making the stock its 19th biggest holding. Brown Brothers Harriman & Co.’s holdings in S&P Global were worth $292,096,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global in the third quarter worth approximately $27,000. Sachetta LLC grew its holdings in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $514.46 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a 50-day simple moving average of $509.35 and a 200-day simple moving average of $482.51. The stock has a market capitalization of $159.64 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 2.63 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the business earned $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed 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 is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPGI shares. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Oppenheimer boosted their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price target 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. BMO Capital Markets reduced their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Royal Bank of Canada increased their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. 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, the company has a consensus 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.