PYA Waltman Capital LLC Has $11.74 Million Holdings in S&P Global Inc. (NYSE:SPGI)

PYA Waltman Capital LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 0.8% during the third quarter, Holdings Channel.com reports. The fund owned 22,716 shares of the business services provider’s stock after purchasing an additional 171 shares during the period. S&P Global comprises about 3.8% of PYA Waltman Capital LLC’s holdings, making the stock its 9th largest holding. PYA Waltman Capital LLC’s holdings in S&P Global were worth $11,736,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of SPGI. International Assets Investment Management LLC boosted its position in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in S&P Global during the third quarter worth about $224,976,000. FMR LLC grew its position in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after acquiring an additional 360,909 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPGI. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group boosted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company lifted 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. BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research 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. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Up 0.6 %

S&P Global stock opened at $516.77 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average of $509.48 and a 200-day moving average of $488.47. The company has a market cap of $160.35 billion, a price-to-earnings ratio of 45.61, a P/E/G ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.21 earnings per share. On average, equities analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. 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 is 32.13%.

S&P Global Company 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.