4,693 S&P Global Inc. $SPGI Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,281 shares of the business services provider’s stock after purchasing an additional 4,693 shares during the quarter. Rakuten Investment Management Inc.’s holdings in S&P Global were worth $21,303,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of S&P Global during the second quarter valued at about $865,892,000. EdgePoint Investment Group Inc. acquired a new position in shares of S&P Global in the 1st quarter valued at about $702,911,000. Soroban Capital Partners LP lifted its holdings in shares of S&P Global by 260.3% during the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock valued at $718,247,000 after buying an additional 1,219,990 shares during the last quarter. Veritas Asset Management LLP bought a new stake in S&P Global in the second quarter worth approximately $338,274,000. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of S&P Global in the 2nd quarter valued at approximately $164,700,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research reports. Morgan Stanley increased their price objective on S&P Global from $477.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, October 28th. Citigroup lifted their target price on S&P Global from $500.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday, October 28th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a report on Saturday, September 5th. Mizuho lowered their price target 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 decreased their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $523.35.

S&P Global Stock Performance

Shares of SPGI opened at $481.40 on Thursday. The firm has a 50-day moving average of $424.06 and a 200-day moving average of $430.59. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25. The company has a market cap of $139.56 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.74.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.15. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate 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 was up 6.8% on a year-over-year basis. During the same period last year, the business posted $4.73 EPS. As a group, equities analysts forecast that S&P Global Inc. will post 17.89 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 23.14%.

S&P Global 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.