S&P Global Inc. $SPGI Stock: Vise Technologies Inc. Raises Position

Vise Technologies Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 38.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,871 shares of the business services provider’s stock after acquiring an additional 3,578 shares during the period. Vise Technologies Inc.’s holdings in S&P Global were worth $5,077,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. State Street Corp raised its holdings in S&P Global by 2.2% in the 2nd quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock valued at $5,898,261,000 after acquiring an additional 307,255 shares during the last quarter. Unisphere Establishment boosted its holdings in shares of S&P Global by 6.5% during the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock worth $905,995,000 after purchasing an additional 130,050 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of S&P Global during the second quarter worth $865,892,000. Soroban Capital Partners LP grew its position in shares of S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after purchasing an additional 1,219,990 shares during the period. Finally, EdgePoint Investment Group Inc. purchased a new stake in shares of S&P Global in the first quarter valued at $702,911,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 2.0%

Shares of NYSE:SPGI opened at $465.58 on Wednesday. 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 1 year low of $381.61 and a 1 year high of $552.25. The stock has a market capitalization of $134.97 billion, a P/E ratio of 27.76, a PEG ratio of 2.25 and a beta of 1.03. The stock has a 50-day simple moving average of $423.10 and a 200-day simple moving average of $430.91.

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

S&P Global Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio is presently 23.14%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. Stifel Nicolaus upped their target price on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Robert W. Baird set a $513.00 price target on S&P Global in a research note on Wednesday, September 2nd. Bank of America lowered their price target on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research note on Saturday, September 5th. Finally, UBS Group cut their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $523.35.

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.