Eventide Asset Management LLC Grows Stock Position in S&P Global Inc. (NYSE:SPGI)

Eventide Asset Management LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 52.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,059 shares of the business services provider’s stock after buying an additional 5,897 shares during the period. Eventide Asset Management LLC’s holdings in S&P Global were worth $8,813,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares during the period. Legal & General Group Plc raised its position in S&P Global by 1.0% in the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after acquiring an additional 29,227 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after acquiring an additional 28,458 shares during the period. Ameriprise Financial Inc. boosted its position in shares of S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of S&P Global by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after purchasing an additional 26,300 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on SPGI. Oppenheimer raised 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. UBS Group boosted their price target 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. BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Morgan Stanley raised their price target on S&P Global from $564.00 to $570.00 and gave the company 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. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

NYSE:SPGI opened at $522.57 on Friday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The firm has a market cap of $162.15 billion, a price-to-earnings ratio of 46.12, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company’s 50-day moving average is $509.21 and its two-hundred day moving average is $484.96. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm posted $3.21 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

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 issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

S&P Global 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.