Eos Management L.P. Raises Position in S&P Global Inc. $SPGI

Eos Management L.P. grew its holdings in S&P Global Inc. (NYSE:SPGI) by 92.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,727 shares of the business services provider’s stock after purchasing an additional 2,748 shares during the quarter. S&P Global comprises approximately 1.1% of Eos Management L.P.’s portfolio, making the stock its 22nd largest holding. Eos Management L.P.’s holdings in S&P Global were worth $2,787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in S&P Global in the second quarter valued at approximately $27,000. J.Safra Asset Management Corp purchased a new stake in S&P Global in the 3rd quarter valued at about $29,000. Spurstone Advisory Services LLC acquired a new position in S&P Global in the second quarter valued at about $34,000. Howard Hughes Medical Institute purchased a new position in S&P Global during the second quarter worth about $36,000. Finally, First Pacific Financial raised its stake in shares of S&P Global by 51.0% in the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SPGI. Seaport Research Partners raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. BMO Capital Markets set a $546.00 target price on S&P Global in a report on Friday, November 14th. Evercore ISI lifted their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Morgan Stanley boosted their target price on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus dropped their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $615.64.

S&P Global Trading Up 0.3%

Shares of S&P Global stock opened at $528.01 on Thursday. The company has a 50-day moving average of $517.17 and a two-hundred day moving average of $517.35. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a market cap of $159.88 billion, a PE ratio of 38.40, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 30th. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.47. The firm had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.S&P Global’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.89 EPS. On average, research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be issued a $0.97 dividend. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.7%. S&P Global’s payout ratio is presently 27.93%.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.