Hudson Way Capital Management LLC Grows Position in S&P Global Inc. $SPGI

Hudson Way Capital Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 95.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,170 shares of the business services provider’s stock after buying an additional 50,784 shares during the period. S&P Global accounts for 5.0% of Hudson Way Capital Management LLC’s holdings, making the stock its 11th biggest position. Hudson Way Capital Management LLC’s holdings in S&P Global were worth $54,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in S&P Global in the 2nd quarter worth $2,188,945,000. Valeo Financial Advisors LLC grew its stake in S&P Global by 70,734.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after purchasing an additional 1,510,540 shares during the period. TCI Fund Management Ltd. raised its stake in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of S&P Global by 26.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after purchasing an additional 614,809 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Up 0.7%

SPGI stock opened at $500.95 on Friday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $490.15 and its 200 day moving average is $514.66. The firm has a market cap of $151.69 billion, a PE ratio of 36.43, a P/E/G ratio of 2.59 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $1.87 billion during the quarter. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th were issued a $0.96 dividend. The ex-dividend date was Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SPGI shares. Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Stifel Nicolaus dropped their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Evercore ISI boosted their target price on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Buy” and an average price target of $613.00.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.