National Pension Service Acquires 77,443 Shares of S&P Global Inc. (NYSE:SPGI)

National Pension Service increased its holdings in S&P Global Inc. (NYSE:SPGI) by 15.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578,826 shares of the business services provider’s stock after purchasing an additional 77,443 shares during the quarter. National Pension Service owned approximately 0.18% of S&P Global worth $299,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of SPGI. HWG Holdings LP purchased a new stake in S&P Global in the second quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the third quarter valued at approximately $27,000. Sachetta LLC lifted its holdings in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC purchased a new position in shares of S&P Global during the second quarter valued at approximately $31,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPGI has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. UBS Group raised their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Wells Fargo & Company lifted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $571.31.

Insider Activity

In other 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 sale, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Stock Down 0.0 %

SPGI opened at $483.21 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $381.33 and a fifty-two week high of $533.29. The firm’s fifty day moving average is $512.45 and its 200 day moving average is $473.62. The stock has a market cap of $149.94 billion, a price-to-earnings ratio of 42.66, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its 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. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.21 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s 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.