S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by Gilbert & Cook Inc.

Gilbert & Cook Inc. trimmed its stake in S&P Global Inc. (NYSE:SPGI) by 2.7% in the third quarter, Holdings Channel.com reports. The firm owned 988 shares of the business services provider’s stock after selling 27 shares during the quarter. Gilbert & Cook Inc.’s holdings in S&P Global were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SPGI. HWG Holdings LP purchased a new stake in shares of S&P Global in the second quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the third quarter worth approximately $27,000. Sachetta LLC lifted its position in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services bought a new position in S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new position in S&P Global during the second quarter valued at approximately $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPGI. Morgan Stanley raised their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer raised their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company raised 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 objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets cut their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Down 1.4 %

Shares of S&P Global stock opened at $503.29 on Friday. The company’s fifty day simple moving average is $510.47 and its 200-day simple moving average is $479.18. The company has a market cap of $156.17 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.57 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1 year low of $401.79 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 quarter in the previous year, the company earned $3.21 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio is currently 32.13%.

S&P Global 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.