Public Sector Pension Investment Board Raises Position in S&P Global Inc. (NYSE:SPGI)

Public Sector Pension Investment Board increased its holdings in S&P Global Inc. (NYSE:SPGI) by 113.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 115,714 shares of the business services provider’s stock after acquiring an additional 61,400 shares during the quarter. Public Sector Pension Investment Board’s holdings in S&P Global were worth $59,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently 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 $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the third quarter worth $27,000. Sachetta LLC raised 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 buying an additional 30 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of S&P Global in the third quarter worth $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global in the second quarter worth $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.2 %

Shares of NYSE:SPGI opened at $522.96 on Thursday. The stock’s 50-day moving average price is $509.26 and its 200-day moving average price is $484.04. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The stock has a market capitalization of $162.27 billion, a P/E ratio of 46.16, a price-to-earnings-growth ratio of 2.66 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 (NYSE:SPGI) last posted 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 company 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%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $3.21 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s payout ratio is 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Finally, UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

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.