S&P Global Inc. (NYSE:SPGI) Shares Bought by Bowie Capital Management LLC

Bowie Capital Management LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 128,390 shares of the business services provider’s stock after buying an additional 13,045 shares during the period. S&P Global comprises approximately 3.5% of Bowie Capital Management LLC’s holdings, making the stock its 16th biggest position. Bowie Capital Management LLC’s holdings in S&P Global were worth $66,329,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares in the last quarter. GDS Wealth Management grew its stake in S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of S&P Global by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after purchasing an additional 1,405 shares in the last quarter. BDF Gestion bought a new stake in shares of S&P Global during the 2nd quarter worth about $4,419,000. Finally, SVB Wealth LLC grew its holdings in S&P Global by 47.4% during the first quarter. SVB Wealth LLC now owns 5,159 shares of the business services provider’s stock valued at $2,195,000 after purchasing an additional 1,659 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI traded up $1.39 during trading on Monday, hitting $515.85. 84,383 shares of the company’s stock traded hands, compared to its average volume of 1,206,304. The stock has a market capitalization of $160.07 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 2.63 and a beta of 1.18. The business has a 50 day moving average of $509.35 and a 200-day moving average of $482.51. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. 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 (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. 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 during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the company posted $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio is 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Evercore ISI assumed coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.