S&P Global Inc. $SPGI Stock Acquired by Ascent Group LLC

Ascent Group LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 35.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,506 shares of the business services provider’s stock after acquiring an additional 1,453 shares during the period. Ascent Group LLC’s holdings in S&P Global were worth $2,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of S&P Global in the 2nd quarter valued at about $865,892,000. EdgePoint Investment Group Inc. bought a new position in shares of S&P Global during the 1st quarter worth $702,911,000. Soroban Capital Partners LP raised its holdings in S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after acquiring an additional 1,219,990 shares during the last quarter. Veritas Asset Management LLP acquired a new stake in S&P Global during the 2nd quarter worth $338,274,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of S&P Global during the 2nd quarter worth $164,700,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $468.02 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25. The stock has a fifty day moving average of $425.44 and a two-hundred day moving average of $429.97. The company has a market capitalization of $135.68 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 2.25 and a beta of 1.03.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.15. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.64 billion. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.73 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.89 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. S&P Global’s payout ratio is presently 23.14%.

Analyst Ratings Changes

A number of brokerages have weighed in on SPGI. Citigroup raised their target price on S&P Global from $500.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Bank of America reduced their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a research report on Wednesday, August 26th. JPMorgan Chase & Co. raised their price target on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Finally, Mizuho cut their price objective on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating for the company in a research report on Monday, October 5th. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $523.35.

S&P Global Profile

S&P Global Inc provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights.

The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.