Assetmark Inc. grew its stake in S&P Global Inc (NYSE:SPGI) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,831 shares of the business services provider’s stock after buying an additional 2,056 shares during the period. Assetmark Inc.’s holdings in S&P Global were worth $7,196,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cornerstone Wealth Management LLC boosted its stake in S&P Global by 800.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock worth $121,000 after purchasing an additional 22,042 shares during the period. Sun Life Financial INC boosted its stake in S&P Global by 209.0% during the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after purchasing an additional 462 shares during the period. Advisory Research Inc. acquired a new stake in S&P Global during the 3rd quarter worth $200,000. Fiera Capital Corp acquired a new stake in S&P Global during the 2nd quarter worth $202,000. Finally, Donaldson Capital Management LLC acquired a new stake in S&P Global during the 2nd quarter worth $204,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Shares of S&P Global stock opened at $169.14 on Friday. The firm has a market cap of $44.56 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 1.44 and a beta of 1.16. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82. S&P Global Inc has a one year low of $164.99 and a one year high of $217.31.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.10. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. On average, equities research analysts forecast that S&P Global Inc will post 8.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.18%. S&P Global’s dividend payout ratio is presently 29.03%.

SPGI has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Goldman Sachs Group initiated coverage on shares of S&P Global in a research note on Wednesday, November 14th. They set a “buy” rating and a $225.00 price target for the company. ValuEngine cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Wells Fargo & Co cut their price objective on shares of S&P Global from $205.00 to $180.00 and set a “market perform” rating for the company in a research report on Friday, October 26th. Finally, Morgan Stanley set a $204.00 price objective on shares of S&P Global and gave the stock a “hold” rating in a research report on Thursday, October 11th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $208.00.

In other news, SVP Nancy Luquette sold 225 shares of the stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $183.51, for a total value of $41,289.75. Following the completion of the transaction, the senior vice president now owns 306 shares in the company, valued at approximately $56,154.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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