International Assets Investment Management LLC Buys 249,082 Shares of S&P Global Inc. $SPGI

International Assets Investment Management LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 27,133.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 250,000 shares of the business services provider’s stock after buying an additional 249,082 shares during the quarter. S&P Global accounts for approximately 1.6% of International Assets Investment Management LLC’s holdings, making the stock its 7th largest holding. International Assets Investment Management LLC’s holdings in S&P Global were worth $98,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE acquired a new stake in S&P Global in the second quarter valued at approximately $865,892,000. EdgePoint Investment Group Inc. purchased a new stake in shares of S&P Global during the first quarter valued at approximately $702,911,000. Soroban Capital Partners LP lifted its position in shares of S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after purchasing an additional 1,219,990 shares in the last quarter. Veritas Asset Management LLP acquired a new position in shares of S&P Global during the second quarter worth $338,274,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of S&P Global during the second quarter worth $164,700,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 0.9%

SPGI stock traded down $4.38 during midday trading on Friday, hitting $468.02. 1,468,741 shares of the company’s stock were exchanged, compared to its average volume of 1,844,856. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.54. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $552.25. The firm has a 50 day moving average price of $425.44 and a 200-day moving average price of $429.97. The stock has a market capitalization of $135.68 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15. The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.64 billion. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. S&P Global’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $4.73 EPS. On average, analysts anticipate that S&P Global Inc. will post 17.89 EPS for the current 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. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 25th. S&P Global’s payout ratio is 23.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $520.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. BMO Capital Markets dropped their price target on shares of S&P Global from $505.00 to $500.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 13th. Bank of America cut their price objective on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a report on Friday, July 10th. Barclays upped their price objective on shares of S&P Global from $553.00 to $572.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Finally, Zacks Research upgraded S&P Global from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $523.35.

S&P Global Profile

S&P Global Inc provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights.

The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.