S&P Global Inc. (NYSE:SPGI) Shares Sold by Atalan Capital Partners LP

Atalan Capital Partners LP trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,000 shares of the business services provider’s stock after selling 45,000 shares during the period. S&P Global makes up approximately 16.0% of Atalan Capital Partners LP’s holdings, making the stock its largest holding. Atalan Capital Partners LP owned approximately 0.12% of S&P Global worth $185,983,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of S&P Global by 16.7% in the first quarter. EverSource Wealth Advisors LLC now owns 434 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 62 shares during the last quarter. Quent Capital LLC increased its stake in shares of S&P Global by 12.1% in the 2nd quarter. Quent Capital LLC now owns 1,068 shares of the business services provider’s stock valued at $476,000 after buying an additional 115 shares during the period. Mather Group LLC. raised its position in shares of S&P Global by 0.8% during the second quarter. Mather Group LLC. now owns 5,596 shares of the business services provider’s stock worth $2,381,000 after acquiring an additional 43 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of S&P Global by 21.9% during the second quarter. Fulton Bank N.A. now owns 1,154 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 207 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its holdings in S&P Global by 7.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 1,128 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SPGI. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. UBS Group boosted their target price 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. Wells Fargo & Company increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. BMO Capital Markets decreased their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Down 0.1 %

NYSE:SPGI opened at $522.51 on Monday. The company has a market cap of $162.13 billion, a P/E ratio of 46.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The business has a 50 day moving average price of $509.21 and a two-hundred day moving average price of $485.71. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued 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. The firm had revenue of $3.58 billion for 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 company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 EPS. As a group, analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company 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 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 0.70%. S&P Global’s payout ratio is 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.