Leelyn Smith LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 18.8% in the third quarter, HoldingsChannel.com reports. The fund owned 11,038 shares of the business services provider’s stock after acquiring an additional 1,745 shares during the quarter. Leelyn Smith LLC’s holdings in S&P Global were worth $4,354,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Bank of America Corp DE bought a new position in shares of S&P Global in the second quarter worth $865,892,000. EdgePoint Investment Group Inc. bought a new position in S&P Global in the first quarter valued at approximately $702,911,000. Soroban Capital Partners LP increased its stake in S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after acquiring an additional 1,219,990 shares during the last quarter. Veritas Asset Management LLP acquired a new position in S&P Global during the second quarter valued at approximately $338,274,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in S&P Global during the second quarter valued at approximately $164,700,000. 87.17% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
SPGI has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Evercore reiterated an “outperform” rating on shares of S&P Global in a research note on Wednesday, October 28th. Wall Street Zen raised S&P Global to a “hold” rating in a report on Saturday, September 5th. JPMorgan Chase & Co. upped their price objective on S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $490.00 price objective on shares of S&P Global in a research note on Friday, October 16th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $523.35.
View Our Latest Research Report on SPGI
S&P Global Trading Down 0.9%
Shares of S&P Global stock opened at $468.02 on Friday. The firm’s 50 day moving average is $425.44 and its 200 day moving average is $429.97. The firm has a market capitalization of $135.68 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. S&P Global Inc. has a 1 year low of $381.61 and a 1 year high of $552.25. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54.
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 EPS for the quarter, beating the consensus estimate of $4.43 by $0.15. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the firm earned $4.73 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.97 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 23.14%.
S&P Global Company Profile
S&P Global Inc provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights.
The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.
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