S&P Global Inc. (NYSE:SPGI) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 71,535 shares of the business services provider’s stock after selling 3,279 shares during the period. S&P Global makes up approximately 1.5% of Dearborn Partners LLC’s portfolio, making the stock its 29th biggest holding. Dearborn Partners LLC’s holdings in S&P Global were worth $36,956,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Capital International Investors lifted its stake in S&P Global by 5.3% in the 1st quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after buying an additional 291,712 shares in the last quarter. Legal & General Group Plc boosted its stake in S&P Global by 1.0% during 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 buying an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 acquiring an additional 298,645 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in S&P Global by 1.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after purchasing an additional 20,624 shares during the last quarter. Finally, Fayez Sarofim & Co grew its position in S&P Global by 0.6% in the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider’s stock worth $620,366,000 after acquiring an additional 8,435 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $510.64 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52-week low of $401.58 and a 52-week high of $533.29. The stock has a 50 day moving average price of $510.74 and a 200 day moving average price of $477.90. The company has a market capitalization of $158.45 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its earnings results 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 firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm posted $3.21 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Research analysts predict that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on SPGI shares. Barclays increased their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Royal Bank of Canada increased their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. UBS Group boosted 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 note on Friday, October 25th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Wells Fargo & Company boosted their target price on S&P Global from $575.00 to $620.00 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, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

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.