Bishop Rock Capital L.P. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 32.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 33,539 shares of the business services provider’s stock after selling 16,060 shares during the period. S&P Global accounts for about 3.7% of Bishop Rock Capital L.P.’s portfolio, making the stock its 14th largest position. Bishop Rock Capital L.P.’s holdings in S&P Global were worth $5,242,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPGI. Korea Investment CORP lifted its stake in shares of S&P Global by 11.1% during the third quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after acquiring an additional 30,900 shares during the period. Prudential Financial Inc. lifted its stake in shares of S&P Global by 3.4% during the third quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock valued at $225,392,000 after acquiring an additional 47,930 shares during the period. Davis Selected Advisers lifted its stake in shares of S&P Global by 2.7% during the second quarter. Davis Selected Advisers now owns 181,288 shares of the business services provider’s stock valued at $26,466,000 after acquiring an additional 4,810 shares during the period. New York State Common Retirement Fund lifted its stake in shares of S&P Global by 4.3% during the second quarter. New York State Common Retirement Fund now owns 889,431 shares of the business services provider’s stock valued at $129,848,000 after acquiring an additional 36,605 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of S&P Global by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,228 shares of the business services provider’s stock valued at $8,647,000 after acquiring an additional 194 shares during the period. Institutional investors own 85.58% of the company’s stock.

In other S&P Global news, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the sale, the executive vice president now directly owns 1,259 shares in the company, valued at $200,659.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The disclosure for this sale can be found here. Insiders sold 7,000 shares of company stock valued at $1,104,704 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

SPGI has been the topic of several analyst reports. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $166.00 target price on the stock in a research note on Monday, August 14th. Morgan Stanley increased their target price on S&P Global from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Friday, October 6th. BMO Capital Markets lowered S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 target price on the stock. in a research note on Friday, October 27th. Wells Fargo & Company increased their target price on 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. Finally, BidaskClub lowered S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $168.27.

S&P Global Inc. (NYSE SPGI) traded up $0.73 during trading hours on Thursday, reaching $168.62. The company’s stock had a trading volume of 666,400 shares, compared to its average volume of 1,112,667. S&P Global Inc. has a 1 year low of $107.21 and a 1 year high of $171.10. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. The firm has a market capitalization of $42,811.95, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.02 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 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. sell-side analysts expect that S&P Global Inc. will post 6.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a $0.41 dividend. The ex-dividend date is Monday, November 27th. This represents a $1.64 annualized dividend and a dividend yield of 0.97%. S&P Global’s dividend payout ratio (DPR) is currently 24.08%.

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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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