D.B. Root & Company LLC Decreases Stake in S&P Global Inc. (NYSE:SPGI)

D.B. Root & Company LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 43.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 544 shares of the business services provider’s stock after selling 411 shares during the quarter. D.B. Root & Company LLC’s holdings in S&P Global were worth $281,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. Northwest Investment Counselors LLC bought a new position in S&P Global during the 3rd quarter valued at $27,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. HWG Holdings LP bought a new position in shares of S&P Global during the second quarter worth about $27,000. Voisard Asset Management Group Inc. grew its stake in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in S&P Global in the second quarter valued at about $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Oppenheimer raised their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. UBS Group lifted their price objective 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. BMO Capital Markets dropped their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $497.10 on Friday. S&P Global Inc. has a 12-month low of $382.12 and a 12-month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company 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 stock has a 50 day simple moving average of $511.49 and a 200-day simple moving average of $474.78.

S&P Global (NYSE:SPGI) last released 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 company had revenue of $3.58 billion during 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%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid 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 yield of 0.73%. S&P Global’s payout ratio is 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.