Bowen Hanes & Co. Inc. lessened its holdings in S&P Global Inc (NYSE:SPGI) by 4.8% during the third quarter, HoldingsChannel reports. The firm owned 235,588 shares of the business services provider’s stock after selling 11,825 shares during the quarter. S&P Global accounts for 2.0% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 10th largest position. Bowen Hanes & Co. Inc.’s holdings in S&P Global were worth $46,032,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPGI. IFP Advisors Inc boosted its holdings in shares of S&P Global by 10.8% during the 2nd quarter. IFP Advisors Inc now owns 2,676 shares of the business services provider’s stock valued at $546,000 after acquiring an additional 261 shares in the last quarter. BB&T Securities LLC boosted its holdings in shares of S&P Global by 6.0% during the 2nd quarter. BB&T Securities LLC now owns 5,252 shares of the business services provider’s stock valued at $1,071,000 after acquiring an additional 298 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of S&P Global by 3.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 9,768 shares of the business services provider’s stock valued at $1,909,000 after acquiring an additional 298 shares in the last quarter. Intrust Bank NA lifted its holdings in S&P Global by 9.0% during the 2nd quarter. Intrust Bank NA now owns 3,611 shares of the business services provider’s stock worth $736,000 after buying an additional 299 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in S&P Global by 0.8% during the 2nd quarter. CIBC Asset Management Inc now owns 39,715 shares of the business services provider’s stock worth $8,097,000 after buying an additional 312 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction dated Monday, November 5th. The stock was 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 directly owns 306 shares of the company’s stock, valued at approximately $56,154.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Shares of SPGI opened at $180.07 on Wednesday. The stock has a market cap of $46.74 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.52 and a beta of 1.18. S&P Global Inc has a 12 month low of $156.73 and a 12 month high of $217.31. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.44 and a current ratio of 1.44.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, November 27th. S&P Global’s dividend payout ratio (DPR) is presently 29.03%.

Several research analysts have commented on SPGI shares. Morgan Stanley lifted their target price on S&P Global from $214.00 to $217.00 and gave the stock a “$214.26” rating in a report on Wednesday, July 18th. UBS Group cut their target price on S&P Global from $242.00 to $241.00 and set a “buy” rating on the stock in a report on Friday, September 21st. ValuEngine downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Finally, Stifel Nicolaus lifted their target price on S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a report on Friday, July 27th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. S&P Global has an average rating of “Hold” and a consensus price target of $206.69.

WARNING: This report was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://www.thecerbatgem.com/2018/11/14/sp-global-inc-spgi-is-bowen-hanes-co-inc-s-10th-largest-position.html.

S&P Global Company 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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