S&P Global Inc. $SPGI Stock: International Assets Investment Management LLC Raises Holdings

Key Points

• International Assets Investment Management increased its S&P Global stake by 27,133.1% in the third quarter, to 250,000 shares valued at about $98.6 million; institutional investors collectively own 87.17% of the company.
• S&P Global reported quarterly EPS of $4.58, ahead of the $4.43 consensus, and revenue of $3.68 billion, up 6.8% year over year.
• Analysts gave the stock a consensus “Moderate Buy” rating and an average price target of $523.35; the company also announced a quarterly dividend of $0.97 per share.

International Assets Investment Management LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 27,133.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 250,000 shares of the business services provider's stock after purchasing an additional 249,082 shares during the quarter. S&P Global makes up about 1.6% of International Assets Investment Management LLC's investment portfolio, making the stock its 7th biggest position. International Assets Investment Management LLC owned 0.09% of S&P Global worth $98,618,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Dorsey Asset Management LLC acquired a new stake in shares of S&P Global in the first quarter worth approximately $94,716,000. NewEdge Advisors LLC grew its holdings in S&P Global by 17.9% in the first quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider's stock valued at $8,509,000 after purchasing an additional 3,038 shares during the period. Principal Financial Group Inc. grew its holdings in S&P Global by 12.9% in the second quarter. Principal Financial Group Inc. now owns 572,659 shares of the business services provider's stock valued at $233,228,000 after purchasing an additional 65,529 shares during the period. Quantitative Investment Management LLC grew its holdings in S&P Global by 127.4% in the second quarter. Quantitative Investment Management LLC now owns 9,033 shares of the business services provider's stock valued at $3,678,000 after purchasing an additional 5,061 shares during the period. Finally, PYA Waltman Capital LLC increased its position in S&P Global by 10.7% during the second quarter. PYA Waltman Capital LLC now owns 33,172 shares of the business services provider's stock worth $13,510,000 after purchasing an additional 3,203 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Trading Down 0.9%

Shares of NYSE:SPGI traded down $4.38 during trading on Friday, reaching $468.02. 1,468,741 shares of the stock were exchanged, compared to its average volume of 1,844,856. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The firm has a market cap of $135.68 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The firm's 50-day moving average price is $425.44 and its 200 day moving average price is $429.97.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The business services provider reported $4.58 EPS for the quarter, beating the consensus estimate 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%. S&P Global's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $4.73 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. S&P Global's dividend payout ratio is presently 23.14%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. Morgan Stanley increased their price target on shares of S&P Global from $477.00 to $515.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. Citigroup boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, October 28th. BMO Capital Markets dropped their price objective on S&P Global from $505.00 to $500.00 and set an "outperform" rating for the company in a report on Tuesday, October 13th. Mizuho dropped their price objective on S&P Global from $554.00 to $531.00 and set an "outperform" rating for the company in a report on Monday, October 5th. Finally, Bank of America cut their target price on S&P Global from $575.00 to $550.00 and set a "buy" rating on the stock in a research report on Friday, July 10th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $523.35.

S&P Global Company Profile

S&P Global Inc provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights.

The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.

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