S&P Global Inc. (NYSE:SPGI) Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,024 shares of the business services provider’s stock after buying an additional 68 shares during the quarter. S&P Global makes up approximately 1.0% of Pittenger & Anderson Inc.’s portfolio, making the stock its 24th largest holding. Pittenger & Anderson Inc.’s holdings in S&P Global were worth $25,843,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPGI. Swedbank AB acquired a new stake in shares of S&P Global in the first quarter valued at about $351,774,000. International Assets Investment Management LLC raised its holdings in S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after acquiring an additional 360,909 shares during the last quarter. Third Point LLC purchased a new position in S&P Global in the 1st quarter worth approximately $142,526,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of S&P Global by 13.5% during the 2nd 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 during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets cut their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. UBS Group lifted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Bank of America increased their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

Insider Transactions at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Price Performance

SPGI opened at $485.77 on Tuesday. The stock’s 50-day moving average price is $512.12 and its 200 day moving average price is $474.13. S&P Global Inc. has a 12-month low of $381.33 and a 12-month high of $533.29. The firm has a market cap of $150.73 billion, a price-to-earnings ratio of 42.87, a PEG ratio of 2.48 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 quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $3.21 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 15.16 earnings per share for the current year.

S&P Global Dividend Announcement

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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

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.