Daiwa Securities Group Inc. Acquires 5,797 Shares of S&P Global Inc. (NYSE:SPGI)

Daiwa Securities Group Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,586 shares of the business services provider’s stock after purchasing an additional 5,797 shares during the quarter. Daiwa Securities Group Inc.’s holdings in S&P Global were worth $22,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legal & General Group Plc grew its stake in S&P Global by 1.0% in the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after purchasing an additional 29,227 shares in the last quarter. Ameriprise Financial Inc. raised its position in S&P Global by 13.5% during 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 purchasing an additional 298,645 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of S&P Global by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after buying an additional 26,300 shares during the period. Clearbridge Investments LLC grew its position in shares of S&P Global by 1.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after buying an additional 20,624 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of S&P Global by 4.3% during the second quarter. Mackenzie Financial Corp now owns 1,396,304 shares of the business services provider’s stock valued at $622,752,000 after buying an additional 57,159 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Oppenheimer upped their price objective on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company increased 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 note on Wednesday, October 9th. Morgan Stanley boosted their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Up 0.6 %

S&P Global stock opened at $514.46 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $159.64 billion, a PE ratio of 45.41, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The stock has a 50-day moving average of $509.35 and a two-hundred day moving average of $482.51. 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 earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate 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 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 previous year, the firm earned $3.21 EPS. S&P Global’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts anticipate that S&P Global Inc. will post 15.24 EPS 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. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

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.