S&P Global Inc. $SPGI Stock: One Way Holdings LLC Cuts Position

Key Points

• One Way Holdings LLC cut its S&P Global stake by 98.7% in the third quarter, selling 41,278 shares and retaining 547 shares valued at approximately $216,000. Institutional investors collectively own 87.17% of SPGI.
• Analysts remain broadly positive, with 18 Buy ratings and two Holds. S&P Global has a “Moderate Buy” consensus rating and an average price target of $523.35.
• S&P Global beat quarterly expectations with adjusted earnings of $4.58 per share and revenue of $3.68 billion, while revenue rose 6.8% year over year. The company also declared a quarterly dividend of $0.97 per share, representing a 0.8% yield.

One Way Holdings LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 98.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 547 shares of the business services provider's stock after selling 41,278 shares during the quarter. One Way Holdings LLC's holdings in S&P Global were worth $216,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pingora Partners LLC bought a new position in shares of S&P Global during the second quarter valued at $29,000. James T. Borello RIA bought a new position in S&P Global in the 3rd quarter worth about $36,000. WPG Advisers LLC boosted its stake in S&P Global by 37.0% in the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock worth $41,000 after purchasing an additional 27 shares in the last quarter. Fiduciary Financial Advisors purchased a new stake in S&P Global during the 2nd quarter valued at about $46,000. Finally, Frazier Financial Advisors LLC grew its position in S&P Global by 31.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider's stock valued at $48,000 after purchasing an additional 27 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on SPGI shares. Jefferies Financial Group restated a "buy" rating and set a $490.00 price objective on shares of S&P Global in a research note on Friday, October 16th. JPMorgan Chase & Co. upped their target price on shares of S&P Global from $520.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 28th. Barclays upped their target price on shares of S&P Global from $553.00 to $572.00 and gave the stock an "overweight" rating in a research note on Monday. Zacks Research upgraded shares of S&P Global from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Finally, Stifel Nicolaus raised their price target on shares of S&P Global from $489.00 to $521.00 and gave the company a "buy" rating in a research report on Friday, July 17th. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $523.35.

S&P Global Stock Up 1.8%

SPGI stock opened at $474.86 on Tuesday. The stock has a market capitalization of $137.66 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.15 and a beta of 1.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.95. S&P Global Inc. has a 1-year low of $381.61 and a 1-year high of $552.25. The business has a fifty day moving average price of $422.50 and a 200-day moving average price of $431.31.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data 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. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The company had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same period last year, the firm posted $4.73 earnings per share. S&P Global's revenue was up 6.8% compared to the same quarter last year. Equities analysts forecast that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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

About S&P Global

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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