S&P Global Inc. (NYSE:SPGI) Shares Acquired by Comgest Global Investors S.A.S.

Comgest Global Investors S.A.S. lifted its position in S&P Global Inc. (NYSE:SPGI) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,572 shares of the business services provider’s stock after purchasing an additional 29,036 shares during the quarter. S&P Global accounts for 3.9% of Comgest Global Investors S.A.S.’s portfolio, making the stock its 10th largest position. Comgest Global Investors S.A.S. owned about 0.17% of S&P Global worth $275,137,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. HWG Holdings LP acquired a new position in S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter worth $27,000. Sachetta LLC raised its stake in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services acquired a new position in S&P Global during the third quarter worth $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in S&P Global during the second quarter worth $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Morgan Stanley increased their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Wells Fargo & Company increased their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Finally, UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Down 1.4 %

SPGI traded down $7.35 during midday trading on Friday, reaching $503.29. 1,187,616 shares of the company were exchanged, compared to its average volume of 1,209,144. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a one year low of $401.79 and a one year high of $533.29. The stock has a market capitalization of $156.17 billion, a P/E ratio of 44.42, a PEG ratio of 2.61 and a beta of 1.18. The stock’s 50-day simple moving average is $510.47 and its 200 day simple moving average is $478.74.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the business earned $3.21 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 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.