Royal London Asset Management Ltd. Grows Position in S&P Global Inc. (NYSE:SPGI)

Royal London Asset Management Ltd. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.3% during the 3rd quarter, Holdings Channel reports. The firm owned 159,613 shares of the business services provider’s stock after acquiring an additional 5,061 shares during the quarter. Royal London Asset Management Ltd.’s holdings in S&P Global were worth $82,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of 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 purchasing an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global during the third quarter worth $224,976,000. FMR LLC raised its position in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. Assenagon Asset Management S.A. raised its position in S&P Global by 352.2% during 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 acquiring an additional 360,909 shares during the period. Finally, Ameriprise Financial Inc. raised its position in S&P Global by 13.5% during 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 acquiring an additional 298,645 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SPGI shares. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Robert W. Baird upped their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Up 0.4 %

Shares of SPGI stock opened at $520.14 on Thursday. 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 $161.40 billion, a PE ratio of 45.91, a price-to-earnings-growth ratio of 2.65 and a beta of 1.19. The company has a 50-day moving average of $509.36 and a two-hundred day moving average of $487.08. S&P Global Inc. has a 1-year low of $407.69 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 (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 net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 earnings per share. On average, analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 0.70%. S&P Global’s dividend payout ratio is presently 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.