S&P Global Inc. (NYSE:SPGI) Stock Position Decreased by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its position in S&P Global Inc. (NYSE:SPGI) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,202 shares of the business services provider’s stock after selling 3,581 shares during the quarter. Logan Capital Management Inc.’s holdings in S&P Global were worth $11,987,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SPGI. First National Corp MA ADV raised its stake in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. grew its holdings in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 20 shares during the last quarter. Trust Point Inc. raised its position in shares of S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares during the period. Headinvest LLC lifted its stake in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the last quarter. Finally, EWA LLC lifted its stake in shares of S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI stock traded down $0.37 during midday trading on Friday, hitting $512.50. The stock had a trading volume of 44,501 shares, compared to its average volume of 1,204,567. S&P Global Inc. has a 52 week low of $407.69 and a 52 week 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 stock has a 50-day simple moving average of $509.41 and a 200 day simple moving average of $489.88. The firm has a market capitalization of $159.03 billion, a price-to-earnings ratio of 45.27, a P/E/G ratio of 2.64 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping 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 net margin of 25.80% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $3.21 EPS. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th were issued a $0.91 dividend. The ex-dividend date was Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s payout ratio is presently 32.13%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SPGI. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $573.23.

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.