Daiwa Securities Group Inc. Raises Position in S&P Global Inc. (NYSE:SPGI)

Daiwa Securities Group Inc. lifted its stake in S&P Global Inc. (NYSE:SPGI) by 15.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,586 shares of the business services provider’s stock after purchasing an additional 5,797 shares during the period. Daiwa Securities Group Inc.’s holdings in S&P Global were worth $22,517,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Swedbank AB bought a new stake in S&P Global during the first quarter valued at about $351,774,000. International Assets Investment Management LLC grew its position in shares of S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in S&P Global during the 3rd quarter valued at approximately $224,976,000. Assenagon Asset Management S.A. raised its stake in S&P Global by 352.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after purchasing an additional 360,909 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 0.6 %

Shares of SPGI stock opened at $514.46 on Monday. The company has a market cap of $159.64 billion, a PE ratio of 45.41, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock’s 50 day simple moving average is $509.35 and its two-hundred day simple moving average is $482.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 EPS. Research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid 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 dividend yield of 0.71%. S&P Global’s dividend payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group increased their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley raised their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of 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. Stifel Nicolaus increased their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Evercore ISI started coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

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.