Eos Management L.P. Purchases 2,748 Shares of S&P Global Inc. $SPGI

Eos Management L.P. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 92.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,727 shares of the business services provider’s stock after buying an additional 2,748 shares during the quarter. S&P Global makes up approximately 1.1% of Eos Management L.P.’s portfolio, making the stock its 22nd largest holding. Eos Management L.P.’s holdings in S&P Global were worth $2,787,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. AE Wealth Management LLC boosted its stake in shares of S&P Global by 1.9% during the third quarter. AE Wealth Management LLC now owns 70,836 shares of the business services provider’s stock valued at $34,477,000 after purchasing an additional 1,288 shares during the period. Fidelis Capital Partners LLC boosted its stake in S&P Global by 6.4% in the 3rd quarter. Fidelis Capital Partners LLC now owns 1,993 shares of the business services provider’s stock worth $970,000 after purchasing an additional 119 shares in the last quarter. Flossbach Von Storch SE increased its position in shares of S&P Global by 1.5% during the third quarter. Flossbach Von Storch SE now owns 731,305 shares of the business services provider’s stock valued at $355,933,000 after acquiring an additional 10,836 shares in the last quarter. Coastal Bridge Advisors LLC boosted its stake in S&P Global by 166.6% during the 3rd quarter. Coastal Bridge Advisors LLC now owns 5,423 shares of the business services provider’s stock valued at $2,639,000 after purchasing an additional 3,389 shares during the last quarter. Finally, Ballentine Partners LLC increased its holdings in shares of S&P Global by 1.6% in the 3rd quarter. Ballentine Partners LLC now owns 7,469 shares of the business services provider’s stock worth $3,635,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on SPGI. Seaport Research Partners raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus lowered their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 target price on shares of S&P Global in a report on Tuesday, December 16th. Evercore ISI lifted their price target on shares of S&P Global from $629.00 to $632.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. Finally, Mizuho raised their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Buy” and an average target price of $615.64.

S&P Global Price Performance

Shares of SPGI stock opened at $528.01 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The stock has a fifty day simple moving average of $517.17 and a two-hundred day simple moving average of $517.35. The stock has a market capitalization of $159.88 billion, a price-to-earnings ratio of 38.40, a P/E/G ratio of 2.24 and a beta of 1.21.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. The firm had revenue of $3.89 billion during the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. S&P Global’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.89 EPS. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.