Ascent Group LLC Has $4.41 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Ascent Group LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 48.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,539 shares of the business services provider’s stock after buying an additional 2,793 shares during the period. Ascent Group LLC’s holdings in S&P Global were worth $4,411,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPGI. International Assets Investment Management LLC raised its holdings in shares of S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in S&P Global during the 3rd quarter valued at $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after purchasing an additional 360,909 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.1 %

SPGI stock opened at $522.51 on Monday. The firm has a market cap of $162.13 billion, a PE ratio of 46.12, a PEG ratio of 2.67 and a beta of 1.18. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a fifty day simple moving average of $509.21 and a 200 day simple moving average of $485.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 company 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 earnings per share. Sell-side analysts anticipate 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. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Ratings Changes

Several research firms recently weighed in on SPGI. BMO Capital Markets reduced their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Robert W. Baird increased their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Oppenheimer raised their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company 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.