S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by Fiduciary Family Office LLC

Fiduciary Family Office LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 35.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,952 shares of the business services provider’s stock after selling 1,055 shares during the period. Fiduciary Family Office LLC’s holdings in S&P Global were worth $1,008,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Swedbank AB bought a new stake in S&P Global in the 1st quarter valued at about $351,774,000. International Assets Investment Management LLC lifted its position in 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 last quarter. Assenagon Asset Management S.A. lifted its position in S&P Global by 352.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after purchasing an additional 360,909 shares during the last quarter. Third Point LLC bought a new stake in S&P Global in the 1st quarter valued at about $142,526,000. Finally, Ameriprise Financial Inc. lifted its position in S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after purchasing an additional 298,645 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Robert W. Baird raised 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 note 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. Bank of America boosted their price target on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Barclays boosted their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada boosted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Performance

NYSE:SPGI traded up $1.24 during trading hours on Tuesday, hitting $487.01. 139,656 shares of the company traded hands, compared to its average volume of 1,198,394. The stock has a market capitalization of $151.12 billion, a price-to-earnings ratio of 42.87, a P/E/G ratio of 2.48 and a beta of 1.18. S&P Global Inc. has a twelve month low of $381.33 and a twelve month high of $533.29. The firm has a 50-day moving average of $512.12 and a 200 day moving average of $474.13. 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 analysts’ consensus estimates 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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Insider Transactions at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the sale, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

About S&P Global

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.