Asset Management One Co. Ltd. Grows Stock Position in S&P Global Inc. (NYSE:SPGI)

Asset Management One Co. Ltd. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 152,034 shares of the business services provider’s stock after acquiring an additional 4,661 shares during the period. Asset Management One Co. Ltd.’s holdings in S&P Global were worth $78,544,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SPGI. Northwest Investment Counselors LLC purchased a new position in S&P Global in the 3rd quarter worth $27,000. Sachetta LLC increased its holdings 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 valued at $29,000 after purchasing an additional 30 shares during the period. HWG Holdings LP purchased a new position in shares of S&P Global in the second quarter worth about $27,000. Voisard Asset Management Group Inc. raised its stake in shares of S&P Global by 77.1% in the third 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 during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global during the second quarter worth about $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now directly owns 15,830 shares in the company, valued at approximately $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Royal Bank of Canada upped their price target on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. BMO Capital Markets decreased their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two equities 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Performance

NYSE:SPGI opened at $483.21 on Monday. The company has a fifty day moving average of $512.45 and a two-hundred day moving average of $473.62. S&P Global Inc. has a fifty-two week low of $381.33 and a fifty-two week high of $533.29. The stock has a market capitalization of $149.94 billion, a PE ratio of 42.66, a P/E/G ratio of 2.47 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 analyst estimates of $3.43 billion. During the same period last year, the company posted $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts forecast that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date 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.