Victory Capital Management Inc. Purchases 2,818 Shares of S&P Global Inc. (SPGI)

Victory Capital Management Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 15.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,875 shares of the business services provider’s stock after buying an additional 2,818 shares during the quarter. Victory Capital Management Inc.’s holdings in S&P Global were worth $3,263,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in S&P Global by 2.0% during the second quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock valued at $2,886,935,000 after purchasing an additional 379,537 shares in the last quarter. BlackRock Inc. raised its stake in shares of S&P Global by 11.3% in the second quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock valued at $2,510,617,000 after acquiring an additional 1,744,482 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of S&P Global by 0.3% in the second quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock valued at $1,035,069,000 after acquiring an additional 18,758 shares during the last quarter. Independent Franchise Partners LLP raised its stake in shares of S&P Global by 0.6% in the second quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock valued at $727,723,000 after acquiring an additional 30,708 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of S&P Global by 61.6% in the second quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock valued at $268,235,000 after acquiring an additional 700,194 shares during the last quarter. 86.33% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on the stock. Barclays PLC lifted their target price on shares of S&P Global from $180.00 to $185.00 and gave the company an “overweight” rating in a research note on Friday. UBS AG lifted their target price on shares of S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Wells Fargo & Company lifted their target price on shares of S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. BMO Capital Markets cut shares of S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 target price for the company. in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $177.00 target price on shares of S&P Global in a research note on Thursday, October 26th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. S&P Global presently has an average rating of “Buy” and a consensus target price of $165.17.

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In other S&P Global news, EVP Courtney Geduldig sold 1,404 shares of S&P Global stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. Insiders have sold a total of 7,860 shares of company stock valued at $1,234,994 in the last ninety days. Company insiders own 0.20% of the company’s stock.

S&P Global Inc. (NYSE:SPGI) opened at $160.59 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. S&P Global Inc. has a 1 year low of $107.21 and a 1 year high of $166.17. The firm has a market cap of $40,950.00, a P/E ratio of 25.17, a P/E/G ratio of 1.92 and a beta of 1.51.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $1.43 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. analysts expect that S&P Global Inc. will post 6.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s dividend payout ratio is presently 24.08%.

S&P Global Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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