Chartwell Investment Partners LLC Reduces Stock Position in S&P Global Inc. (NYSE:SPGI)

Chartwell Investment Partners LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,744 shares of the business services provider’s stock after selling 360 shares during the quarter. Chartwell Investment Partners LLC’s holdings in S&P Global were worth $5,034,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. HWG Holdings LP purchased a new stake in shares of S&P Global in the 2nd quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the 3rd quarter worth $27,000. Sachetta LLC lifted its stake in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services purchased a new stake in shares of S&P Global during the 3rd quarter worth $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Royal Bank of Canada upped their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company upped their target price on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Bank of America upped their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Up 0.9 %

Shares of SPGI opened at $507.34 on Tuesday. S&P Global Inc. has a 52 week low of $392.69 and a 52 week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $157.43 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 2.57 and a beta of 1.18. The stock’s 50-day moving average price is $511.07 and its 200-day moving average price is $476.41.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. On average, sell-side 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 given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio is currently 32.13%.

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.