Westfield Capital Management Co. LP Acquires 3,283 Shares of S&P Global Inc. (NYSE:SPGI)

Westfield Capital Management Co. LP grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% in the third quarter, Holdings Channel reports. The firm owned 128,062 shares of the business services provider’s stock after acquiring an additional 3,283 shares during the period. Westfield Capital Management Co. LP’s holdings in S&P Global were worth $66,159,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. HWG Holdings LP bought a new position in S&P Global during the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the third quarter valued at approximately $27,000. Sachetta LLC boosted 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 valued at $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services purchased a new position in S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new position in S&P Global in the second quarter worth approximately $31,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock opened at $514.46 on Friday. The firm has a market capitalization of $159.64 billion, a P/E ratio of 45.41, a PEG ratio of 2.61 and a beta of 1.18. 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 company has a 50 day moving average price of $509.35 and a 200 day moving average price of $482.13.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The business 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 business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.21 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global’s payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SPGI shares. BMO Capital Markets dropped their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Morgan Stanley increased their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $571.31.

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.