S&P Global Inc. (NYSE:SPGI) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,034 shares of the business services provider’s stock after purchasing an additional 4,661 shares during the period. Asset Management One Co. Ltd.’s holdings in S&P Global were worth $78,544,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Dupont Capital Management Corp raised its position in shares of S&P Global by 27.1% during the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock valued at $12,019,000 after buying an additional 6,025 shares during the period. Norden Group LLC purchased a new stake in S&P Global in the first quarter valued at $377,000. J.W. Cole Advisors Inc. lifted its stake in shares of S&P Global by 35.4% in the 1st quarter. J.W. Cole Advisors Inc. now owns 619 shares of the business services provider’s stock valued at $264,000 after purchasing an additional 162 shares during the last quarter. Salomon & Ludwin LLC purchased a new position in shares of S&P Global during the 1st quarter worth $39,000. Finally, Proficio Capital Partners LLC grew its holdings in shares of S&P Global by 12.9% during the 1st quarter. Proficio Capital Partners LLC now owns 1,199 shares of the business services provider’s stock worth $510,000 after purchasing an additional 137 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock opened at $483.21 on Monday. The business has a 50-day simple moving average of $512.45 and a 200-day simple moving average of $473.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 0.94. S&P Global Inc. has a one year low of $381.33 and a one year high of $533.29. The company has a market cap of $149.94 billion, a PE ratio of 42.66, a P/E/G ratio of 2.47 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business posted $3.21 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Insider Buying and Selling at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on SPGI. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Bank of America lifted their target price on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets decreased their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer lifted their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. decreased their target price on 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target 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.