GSA Capital Partners LLP Has $1.06 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

GSA Capital Partners LLP decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 43.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,060 shares of the business services provider’s stock after selling 1,591 shares during the quarter. GSA Capital Partners LLP’s holdings in S&P Global were worth $1,064,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. HWG Holdings LP acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $27,000. Sachetta LLC increased its position in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $503.29 on Friday. The stock has a fifty day moving average price of $510.62 and a 200-day moving average price of $478.13. The company has a market cap of $156.17 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.61 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.21 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Ratings Changes

A number of research firms recently weighed in on SPGI. Barclays boosted their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Oppenheimer boosted their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, UBS Group boosted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.