NS Partners Ltd grew its stake in shares of S&P Global Inc (NYSE:SPGI) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,116 shares of the business services provider’s stock after purchasing an additional 3,269 shares during the quarter. S&P Global comprises about 1.2% of NS Partners Ltd’s portfolio, making the stock its 28th biggest holding. NS Partners Ltd’s holdings in S&P Global were worth $12,918,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of SPGI. Jennison Associates LLC increased its position in shares of S&P Global by 277.6% during the 3rd quarter. Jennison Associates LLC now owns 3,055,356 shares of the business services provider’s stock worth $596,986,000 after purchasing an additional 2,246,219 shares during the last quarter. FMR LLC increased its position in shares of S&P Global by 6.4% during the 2nd quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock worth $2,181,285,000 after purchasing an additional 642,229 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of S&P Global by 2,342.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 605,482 shares of the business services provider’s stock worth $3,804,000 after purchasing an additional 580,687 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of S&P Global by 29.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,677,100 shares of the business services provider’s stock worth $341,944,000 after purchasing an additional 382,000 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of S&P Global by 3,985.1% during the 2nd quarter. Marshall Wace LLP now owns 389,800 shares of the business services provider’s stock worth $79,476,000 after purchasing an additional 380,258 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on SPGI shares. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Goldman Sachs Group started coverage on S&P Global in a report on Wednesday, November 14th. They set a “buy” rating and a $225.00 target price on the stock. ValuEngine lowered S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Wells Fargo & Co decreased their target price on S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a report on Friday, October 26th. Finally, Morgan Stanley set a $204.00 target price on S&P Global and gave the stock a “hold” rating in a report on Thursday, October 11th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $208.00.
NYSE SPGI traded down $2.95 on Thursday, reaching $174.67. The stock had a trading volume of 23,019 shares, compared to its average volume of 1,531,104. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.44 and a quick ratio of 1.44. S&P Global Inc has a 1-year low of $164.99 and a 1-year high of $217.31. The firm has a market cap of $44.56 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.44 and a beta of 1.16.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.10. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. On average, equities analysts anticipate that S&P Global Inc will post 8.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, November 27th. S&P Global’s dividend payout ratio is 29.03%.
In other S&P Global news, SVP Nancy Luquette sold 225 shares of the company’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $183.51, for a total value of $41,289.75. Following the transaction, the senior vice president now directly owns 306 shares of the company’s stock, valued at approximately $56,154.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
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S&P Global Company Profile
S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.
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