Troy Asset Management Ltd Lowers Stake in S&P Global Inc. (NYSE:SPGI)

Troy Asset Management Ltd trimmed its position in S&P Global Inc. (NYSE:SPGI) by 5.8% during the third quarter, HoldingsChannel.com reports. The firm owned 37,804 shares of the business services provider’s stock after selling 2,328 shares during the quarter. Troy Asset Management Ltd’s holdings in S&P Global were worth $19,530,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. HWG Holdings LP acquired a new position in shares of S&P Global during the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global in the third quarter valued at about $27,000. Sachetta LLC lifted its stake in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of S&P Global in the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $31,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $502.82 on Friday. 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 firm has a market cap of $156.03 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 2.50 and a beta of 1.18. S&P Global Inc. has a 52 week low of $385.38 and a 52 week high of $533.29. The stock has a 50 day moving average of $511.07 and a 200-day moving average of $475.53.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the firm earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Barclays boosted their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America raised their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

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.