S&P Global Inc. (NYSE:SPGI) Position Reduced by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 17.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,509 shares of the business services provider’s stock after selling 31,940 shares during the period. Confluence Investment Management LLC’s holdings in S&P Global were worth $80,339,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in shares of S&P Global during the second quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the third quarter valued at $27,000. Sachetta LLC grew its stake in S&P Global by 103.4% in 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 in the last quarter. Hobbs Group Advisors LLC acquired a new position in S&P Global in the 2nd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. raised its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $497.10 on Friday. 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 one year low of $382.12 and a one year high of $533.29. The company has a fifty day moving average price of $511.49 and a 200 day moving average price of $474.78. The stock has a market cap of $154.25 billion, a P/E ratio of 43.87, a PEG ratio of 2.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 15.16 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.73%. S&P Global’s payout ratio is 32.13%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SPGI shares. Barclays boosted their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. BMO Capital Markets reduced 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 note on Friday, October 25th. Oppenheimer increased their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, Robert W. Baird boosted 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.