Atalan Capital Partners LP Sells 45,000 Shares of S&P Global Inc. (NYSE:SPGI)

Atalan Capital Partners LP reduced its stake in S&P Global Inc. (NYSE:SPGI) by 11.1% during the 3rd quarter, Holdings Channel reports. The fund owned 360,000 shares of the business services provider’s stock after selling 45,000 shares during the period. S&P Global makes up about 16.0% of Atalan Capital Partners LP’s investment portfolio, making the stock its largest position. Atalan Capital Partners LP’s holdings in S&P Global were worth $185,983,000 as of its most recent filing with the Securities & Exchange Commission.

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

S&P Global Price Performance

Shares of SPGI opened at $522.51 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $162.13 billion, a PE ratio of 46.12, a PEG ratio of 2.67 and a beta of 1.18. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The business has a 50-day simple moving average of $509.21 and a two-hundred day simple moving average of $485.71.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.21 earnings per share. Analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets dropped their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley boosted their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Profile

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.