UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 28,458 Shares of S&P Global Inc. (NYSE:SPGI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,713,617 shares of the business services provider’s stock after purchasing an additional 28,458 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.87% of S&P Global worth $1,401,909,000 as of its most recent SEC filing.

A number of other institutional investors have 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 approximately $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global in the third quarter worth approximately $27,000. Sachetta LLC lifted its stake in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global during the second quarter worth $31,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley lifted their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird increased their target price 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Performance

Shares of SPGI opened at $522.96 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a market capitalization of $162.27 billion, a PE ratio of 46.16, a PEG ratio of 2.66 and a beta of 1.18. The stock has a 50-day simple moving average of $509.26 and a 200-day simple moving average of $484.04.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 EPS. On average, analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm 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 is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. 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.