Cpwm LLC purchased a new stake in shares of S&P Global Inc (NYSE:SPGI) during the 3rd quarter, Holdings Channel reports. The fund purchased 1,473 shares of the business services provider’s stock, valued at approximately $288,000.

A number of other large investors have also bought and sold shares of the stock. Lee Capital Holdings LLC bought a new stake in shares of S&P Global during the 3rd quarter worth about $1,704,000. General Catalyst Group Management LLC boosted its stake in shares of S&P Global by 4.7% during the 3rd quarter. General Catalyst Group Management LLC now owns 119,386 shares of the business services provider’s stock worth $23,327,000 after acquiring an additional 5,397 shares in the last quarter. Loomis Sayles & Co. L P boosted its stake in shares of S&P Global by 1.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 403,321 shares of the business services provider’s stock worth $78,805,000 after acquiring an additional 4,454 shares in the last quarter. GAM Holding AG boosted its stake in shares of S&P Global by 60.4% during the 3rd quarter. GAM Holding AG now owns 1,750 shares of the business services provider’s stock worth $342,000 after acquiring an additional 659 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of S&P Global by 163.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 13,042 shares of the business services provider’s stock worth $2,548,000 after acquiring an additional 8,099 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SPGI opened at $169.14 on Friday. S&P Global Inc has a twelve month low of $164.99 and a twelve month high of $217.31. The company has a market cap of $44.56 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. 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 (NYSE:SPGI) last announced its earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, beating the 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 research analysts forecast that S&P Global Inc will post 8.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 annualized dividend and a yield of 1.18%. S&P Global’s payout ratio is 29.03%.

In related news, SVP Nancy Luquette sold 225 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $183.51, for a total transaction of $41,289.75. Following the completion of the sale, the senior vice president now owns 306 shares in the company, valued at approximately $56,154.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on SPGI. Raymond James decreased their price target on S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. BMO Capital Markets decreased their price target on S&P Global from $197.00 to $185.00 and set a “market perform” rating for the company in a research note on Friday, October 26th. Zacks Investment Research downgraded S&P Global from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. UBS Group decreased their price target on S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a research note on Friday, September 21st. Finally, Morgan Stanley set a $202.00 price target on S&P Global and gave the stock a “hold” rating in a research note on Friday, October 26th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $208.00.

ILLEGAL ACTIVITY NOTICE: “Cpwm LLC Takes $288,000 Position in S&P Global Inc (SPGI)” was posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://www.dailypolitical.com/2018/12/08/cpwm-llc-takes-288000-position-in-sp-global-inc-spgi.html.

S&P Global Profile

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.

Featured Article: How to Use the New Google Finance Tool

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.