S&P Global Inc. (NYSE:SPGI) Shares Bought by King Luther Capital Management Corp

King Luther Capital Management Corp grew its position in S&P Global Inc. (NYSE:SPGI) by 4.9% during the 3rd quarter, Holdings Channel reports. The fund owned 48,194 shares of the business services provider’s stock after buying an additional 2,269 shares during the quarter. King Luther Capital Management Corp’s holdings in S&P Global were worth $24,898,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. HWG Holdings LP acquired a new position in S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global during the third quarter worth about $27,000. Sachetta LLC grew its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services acquired a new stake in shares of S&P Global during the 3rd quarter worth $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in S&P Global during the second quarter worth about $31,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating 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. Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays increased their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, BMO Capital Markets reduced their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company 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 company. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Price Performance

NYSE:SPGI opened at $512.26 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $158.96 billion, a P/E ratio of 45.21, a PEG ratio of 2.57 and a beta of 1.18. The business’s 50-day moving average price is $509.45 and its 200 day moving average price is $481.15.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.21 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date is Tuesday, November 26th. 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.