S&P Global Inc. $SPGI Shares Sold by Choreo LLC

Key Points

• Choreo LLC reduced its S&P Global position by 11.9% in the third quarter, selling 2,895 shares and retaining 21,469 shares valued at approximately $8.47 million. Institutional investors collectively own 87.17% of the company.
• S&P Global exceeded quarterly expectations, reporting adjusted earnings of $4.58 per share versus the $4.43 consensus and revenue of $3.68 billion. The company also declared a quarterly dividend of $0.97 per share, equal to a 0.8% annualized yield.
• Analysts maintain a favorable outlook, with 18 Buy ratings and two Holds producing a consensus “Moderate Buy” rating and a $522.24 price target, above the reported share price of $466.46.

Choreo LLC lessened its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 11.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,469 shares of the business services provider's stock after selling 2,895 shares during the quarter. Choreo LLC's holdings in S&P Global were worth $8,469,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SPGI. Pingora Partners LLC bought a new position in S&P Global during the 2nd quarter valued at about $29,000. James T. Borello RIA purchased a new position in shares of S&P Global during the third quarter worth approximately $36,000. WPG Advisers LLC raised its stake in shares of S&P Global by 37.0% during the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock valued at $41,000 after acquiring an additional 27 shares in the last quarter. Frazier Financial Advisors LLC raised its stake in shares of S&P Global by 31.4% during the first quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider's stock valued at $48,000 after acquiring an additional 27 shares in the last quarter. Finally, Fiduciary Financial Advisors bought a new stake in shares of S&P Global during the second quarter valued at approximately $46,000. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Up 1.3%

NYSE SPGI opened at $466.46 on Friday. The company has a fifty day simple moving average of $421.62 and a two-hundred day simple moving average of $431.64. The stock has a market cap of $135.23 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.18 and a beta of 1.09. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The company has a current ratio of 0.74, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share for the quarter, beating analysts' consensus estimates of $4.43 by $0.15. The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.64 billion. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. The business's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.73 earnings per share. On average, analysts forecast that S&P Global Inc. will post 17.87 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. S&P Global's dividend payout ratio is 23.14%.

Analysts Set New Price Targets

Several research firms have commented on SPGI. Citigroup raised their price objective on S&P Global from $500.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays lowered their target price on S&P Global from $555.00 to $553.00 and set an "overweight" rating for the company in a report on Wednesday, July 29th. Jefferies Financial Group reissued a "buy" rating and set a $490.00 price target on shares of S&P Global in a research report on Friday, October 16th. Robert W. Baird set a $513.00 price target on S&P Global in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company lifted their price objective on S&P Global from $525.00 to $545.00 and gave the company an "overweight" rating in a report on Wednesday. Eighteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $522.24.

S&P Global Company Profile

S&P Global NYSE: SPGI is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.

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