43,550 Shares of S&P Global Inc. $SPGI Acquired by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 43,550 shares of the business services provider’s stock, valued at approximately $17,179,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. Pingora Partners LLC bought a new position in shares of S&P Global in the 2nd quarter worth approximately $29,000. James T. Borello RIA purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $36,000. WPG Advisers LLC lifted its stake in shares of S&P Global by 37.0% in the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 27 shares during the period. Fiduciary Financial Advisors purchased a new position in shares of S&P Global in the 2nd quarter valued at approximately $46,000. Finally, Next Level Wealth Planning LLC purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $465.58 on Wednesday. The stock has a market cap of $134.97 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25. The firm’s 50-day simple moving average is $423.10 and its two-hundred day simple moving average is $430.91.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the firm earned $4.73 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 23.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group dropped their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research report on Tuesday, July 7th. Bank of America decreased their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Zacks Research raised S&P Global from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Wall Street Zen raised S&P Global to a “hold” rating in a research report on Saturday, September 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a report on Friday, October 2nd. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $523.35.

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.