Bridges Investment Management Inc. Sells 1,251 Shares of S&P Global Inc. (NYSE:SPGI)

Bridges Investment Management Inc. reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,070 shares of the business services provider’s stock after selling 1,251 shares during the quarter. S&P Global accounts for approximately 1.5% of Bridges Investment Management Inc.’s holdings, making the stock its 19th biggest position. Bridges Investment Management Inc. owned 0.07% of S&P Global worth $106,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of S&P Global by 19.1% during the 3rd quarter. Assetmark Inc. now owns 1,298 shares of the business services provider’s stock worth $671,000 after acquiring an additional 208 shares during the period. Pegasus Partners Ltd. grew its stake in shares of S&P Global by 25.3% in the 3rd quarter. Pegasus Partners Ltd. now owns 940 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 190 shares during the period. CWA Asset Management Group LLC acquired a new stake in S&P Global in the 3rd quarter valued at $1,130,000. Capital Performance Advisors LLP acquired a new position in S&P Global during the third quarter worth $31,000. Finally, AIA Group Ltd lifted its holdings in shares of S&P Global by 32.9% during the third quarter. AIA Group Ltd now owns 11,213 shares of the business services provider’s stock valued at $5,793,000 after acquiring an additional 2,776 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. UBS Group increased their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Barclays lifted their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Performance

Shares of S&P Global stock opened at $502.82 on Friday. S&P Global Inc. has a 52 week low of $385.38 and a 52 week high of $533.29. The firm has a fifty day moving average of $511.07 and a two-hundred day moving average of $475.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $156.03 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.21 earnings per share. As a group, equities research analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global’s payout ratio is currently 32.13%.

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.