Tybourne Capital Management HK Ltd. Sells 33,800 Shares of S&P Global Inc. (NYSE:SPGI)

Tybourne Capital Management HK Ltd. decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 48.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,506 shares of the business services provider’s stock after selling 33,800 shares during the quarter. S&P Global accounts for about 5.1% of Tybourne Capital Management HK Ltd.’s holdings, making the stock its 8th largest holding. Tybourne Capital Management HK Ltd.’s holdings in S&P Global were worth $18,343,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares during the last quarter. GDS Wealth Management raised its holdings in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of S&P Global by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after acquiring an additional 1,405 shares during the last quarter. BDF Gestion purchased a new position in shares of S&P Global in the second quarter valued at approximately $4,419,000. Finally, Blue Trust Inc. boosted its stake in shares of S&P Global by 140.7% in the second quarter. Blue Trust Inc. now owns 3,800 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 2,221 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, Barclays boosted their target price on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Up 0.2 %

SPGI opened at $522.96 on Thursday. The stock has a market capitalization of $162.27 billion, a PE ratio of 46.16, a P/E/G ratio of 2.66 and a beta of 1.18. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $509.26 and its 200 day moving average price is $484.04.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.21 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.