S&P Global Inc. (NYSE:SPGI) Stock Holdings Lifted by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 359,572 shares of the business services provider’s stock after buying an additional 43,864 shares during the quarter. Lord Abbett & CO. LLC owned 0.12% of S&P Global worth $185,762,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Gradient Investments LLC raised its position in S&P Global by 1,538.5% during the second quarter. Gradient Investments LLC now owns 213 shares of the business services provider’s stock valued at $95,000 after acquiring an additional 200 shares in the last quarter. Chesley Taft & Associates LLC increased its position in S&P Global by 3.0% during the second quarter. Chesley Taft & Associates LLC now owns 11,574 shares of the business services provider’s stock worth $5,162,000 after acquiring an additional 339 shares during the period. Riverwater Partners LLC increased its holdings in shares of S&P Global by 13.2% during the 2nd quarter. Riverwater Partners LLC now owns 935 shares of the business services provider’s stock worth $417,000 after purchasing an additional 109 shares during the period. Western Wealth Management LLC raised its holdings in S&P Global by 21.0% in the 2nd quarter. Western Wealth Management LLC now owns 3,725 shares of the business services provider’s stock valued at $1,661,000 after acquiring an additional 647 shares in the last quarter. Finally, RBA Wealth Management LLC raised its stake in shares of S&P Global by 2.9% in the second quarter. RBA Wealth Management LLC now owns 10,434 shares of the business services provider’s stock valued at $4,654,000 after purchasing an additional 298 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SPGI. BMO Capital Markets cut their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company increased their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Morgan Stanley upped their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $573.23.

S&P Global Stock Down 1.4 %

Shares of SPGI stock opened at $505.57 on Friday. The company has a market capitalization of $156.88 billion, a price-to-earnings ratio of 44.62, a P/E/G ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The firm has a fifty day moving average of $509.28 and a 200-day moving average of $490.35. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed 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 of this dividend was Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

S&P Global 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.