Northwest & Ethical Investments L.P. Acquires 1,894 Shares of S&P Global Inc. (NYSE:SPGI)

Northwest & Ethical Investments L.P. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,784 shares of the business services provider’s stock after acquiring an additional 1,894 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in S&P Global were worth $8,671,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vinva Investment Management Ltd grew its stake in shares of S&P Global by 11.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 14,702 shares of the business services provider’s stock valued at $7,538,000 after purchasing an additional 1,542 shares during the period. Financial Counselors Inc. grew its position in S&P Global by 14.5% in the third quarter. Financial Counselors Inc. now owns 12,602 shares of the business services provider’s stock valued at $6,510,000 after acquiring an additional 1,599 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after acquiring an additional 28,458 shares in the last quarter. Public Sector Pension Investment Board raised its stake in S&P Global by 113.0% during the third quarter. Public Sector Pension Investment Board now owns 115,714 shares of the business services provider’s stock worth $59,780,000 after acquiring an additional 61,400 shares in the last quarter. Finally, Fiduciary Trust Co lifted its holdings in shares of S&P Global by 1.0% during the third quarter. Fiduciary Trust Co now owns 33,018 shares of the business services provider’s stock valued at $17,058,000 after acquiring an additional 336 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.2 %

Shares of NYSE SPGI opened at $522.86 on Friday. The company’s 50 day simple moving average is $509.24 and its 200 day simple moving average is $484.31. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The firm has a market capitalization of $162.24 billion, a P/E ratio of 46.15, a P/E/G ratio of 2.67 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating 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 company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SPGI shares. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer raised their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Barclays upped their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. BMO Capital Markets lowered 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 report on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

About S&P Global

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.