Dudley Capital Management LLC Acquires Shares of 808 S&P Global Inc. (NYSE:SPGI)

Dudley Capital Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the third quarter, HoldingsChannel reports. The firm bought 808 shares of the business services provider’s stock, valued at approximately $417,000.

Several other hedge funds have also modified their holdings of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares during the period. Quadrature Capital Ltd purchased a new position in shares of S&P Global in the 1st quarter valued at about $2,236,000. O Shaughnessy Asset Management LLC lifted its stake in shares of S&P Global by 21.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after purchasing an additional 6,162 shares during the period. Nwam LLC boosted its holdings in S&P Global by 45.5% during the first quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after buying an additional 326 shares in the last quarter. Finally, Banco Santander S.A. grew its position in S&P Global by 38.9% during the first quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock worth $6,252,000 after buying an additional 4,114 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI opened at $497.10 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $154.25 billion, a PE ratio of 43.87, a P/E/G ratio of 2.50 and a beta of 1.18. The firm has a 50 day simple moving average of $511.49 and a 200-day simple moving average of $474.78. S&P Global Inc. has a 1-year low of $382.12 and a 1-year high of $533.29.

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 the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the firm posted $3.21 EPS. S&P Global’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SPGI shares. Bank of America lifted 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 report on Tuesday, July 16th. Barclays upped their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Oppenheimer increased their price objective on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Finally, Morgan Stanley raised their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.