S&P Global Inc. $SPGI Shares Sold by One Way Holdings LLC

One Way Holdings LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 98.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 547 shares of the business services provider’s stock after selling 41,278 shares during the quarter. One Way Holdings LLC’s holdings in S&P Global were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SPGI. State Street Corp grew its stake in shares of S&P Global by 2.2% during the 2nd quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock valued at $5,898,261,000 after purchasing an additional 307,255 shares during the period. Unisphere Establishment increased its position in shares of S&P Global by 6.5% during the 1st quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock valued at $905,995,000 after purchasing an additional 130,050 shares during the last quarter. Bank of America Corp DE bought a new position in shares of S&P Global in the 2nd quarter worth approximately $865,892,000. Soroban Capital Partners LP lifted its stake in shares of S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after purchasing an additional 1,219,990 shares during the period. Finally, EdgePoint Investment Group Inc. bought a new position in shares of S&P Global in the 1st quarter worth approximately $702,911,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.8%

NYSE SPGI opened at $474.86 on Tuesday. The stock’s 50-day moving average price is $422.50 and its 200-day moving average price is $431.31. The company has a quick ratio of 0.95, a current ratio of 0.74 and a debt-to-equity ratio of 0.54. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The company has a market capitalization of $137.66 billion, a P/E ratio of 28.32, a price-to-earnings-growth ratio of 2.15 and a beta of 1.09.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $4.73 EPS. On average, equities research analysts predict that S&P Global Inc. will post 17.89 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 Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued 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 yield of 0.8%. S&P Global’s payout ratio is currently 23.14%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SPGI shares. Jefferies Financial Group restated a “buy” rating and set a $490.00 target price on shares of S&P Global in a research report on Friday, October 16th. Mizuho decreased their price target on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating on the stock in a research report on Monday, October 5th. Robert W. Baird set a $513.00 price target on shares of S&P Global in a research note on Wednesday, September 2nd. Barclays boosted their price objective on shares of S&P Global from $553.00 to $572.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Bank of America cut their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $523.35.

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.