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

DT Investment Partners LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 20.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 129 shares of the business services provider’s stock after acquiring an additional 22 shares during the period. DT Investment Partners LLC’s holdings in S&P Global were worth $67,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new position in S&P Global in the second quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the third quarter worth $27,000. Sachetta LLC lifted its stake in S&P Global by 103.4% in 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 in the last quarter. Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global in the second quarter worth about $31,000. Finally, First Pacific Financial raised its holdings in shares of S&P Global by 49.0% during the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after acquiring an additional 24 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SPGI shares. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Royal Bank of Canada boosted their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets reduced 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 research note on Friday. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $569.77.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $490.61 on Friday. The stock has a market cap of $153.56 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 2.76 and a beta of 1.18. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $533.29. The company has a 50 day simple moving average of $513.83 and a two-hundred day simple moving average of $470.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its 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. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts predict that S&P Global Inc. will post 14.79 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.74%. S&P Global’s payout ratio is 34.50%.

Insider Transactions at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the completion of the sale, the director now owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 in the last three months. 0.10% of the stock is currently owned by company insiders.

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.