Chartwell Investment Partners LLC Sells 360 Shares of S&P Global Inc. (NYSE:SPGI)

Chartwell Investment Partners LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,744 shares of the business services provider’s stock after selling 360 shares during the quarter. Chartwell Investment Partners LLC’s holdings in S&P Global were worth $5,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB purchased a new stake in S&P Global in the first quarter worth $351,774,000. International Assets Investment Management LLC lifted its stake in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the period. Assenagon Asset Management S.A. raised its holdings in S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after purchasing an additional 360,909 shares in the last quarter. Third Point LLC bought a new position in S&P Global in the first quarter worth $142,526,000. Finally, Ameriprise Financial Inc. raised its holdings in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.9 %

Shares of NYSE:SPGI opened at $507.34 on Tuesday. The stock has a market capitalization of $157.43 billion, a price-to-earnings ratio of 44.78, a PEG ratio of 2.57 and a beta of 1.18. 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’s 50-day simple moving average is $511.07 and its two-hundred day simple moving average is $476.41. S&P Global Inc. has a 52-week low of $392.69 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $3.21 earnings per share. Analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s payout ratio is currently 32.13%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company increased their price objective on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Oppenheimer raised their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus raised their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company 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.