Flagship Harbor Advisors LLC grew its holdings in shares of S&P Global Inc (NYSE:SPGI) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,083 shares of the business services provider’s stock after acquiring an additional 470 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in S&P Global were worth $415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of S&P Global by 10.8% during the 2nd quarter. IFP Advisors Inc now owns 2,676 shares of the business services provider’s stock valued at $546,000 after acquiring an additional 261 shares during the last quarter. BB&T Securities LLC lifted its position in S&P Global by 6.0% in the 2nd quarter. BB&T Securities LLC now owns 5,252 shares of the business services provider’s stock worth $1,071,000 after buying an additional 298 shares during the last quarter. GHP Investment Advisors Inc. lifted its position in S&P Global by 3.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 9,768 shares of the business services provider’s stock worth $1,909,000 after buying an additional 298 shares during the last quarter. Intrust Bank NA lifted its position in S&P Global by 9.0% in the 2nd quarter. Intrust Bank NA now owns 3,611 shares of the business services provider’s stock worth $736,000 after buying an additional 299 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in S&P Global by 0.8% in the 2nd quarter. CIBC Asset Management Inc now owns 39,715 shares of the business services provider’s stock worth $8,097,000 after buying an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 84.23% of the company’s stock.

NYSE:SPGI opened at $186.27 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82. S&P Global Inc has a 1-year low of $156.50 and a 1-year high of $217.31. The company has a market capitalization of $46.03 billion, a P/E ratio of 27.03, a PEG ratio of 1.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.10. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. On average, equities analysts forecast that S&P Global Inc will post 8.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 annualized dividend and a yield of 1.07%. S&P Global’s payout ratio is currently 29.03%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total value of $805,080.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nancy Luquette sold 225 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $183.51, for a total value of $41,289.75. Following the completion of the sale, the senior vice president now owns 306 shares of the company’s stock, valued at approximately $56,154.06. The disclosure for this sale can be found here. Insiders sold 4,575 shares of company stock valued at $917,542 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

SPGI has been the subject of a number of recent research reports. Zacks Investment Research downgraded S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. UBS Group dropped their target price on S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a research report on Friday, September 21st. ValuEngine downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Atlantic Securities downgraded S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley boosted their target price on S&P Global from $217.00 to $219.00 and gave the stock an “equal weight” rating in a research report on Friday, July 27th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $206.69.

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About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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