Connor Clark & Lunn Investment Management Ltd. Has $407,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 96.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 788 shares of the business services provider’s stock after selling 23,302 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in S&P Global were worth $407,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPGI. Burney Co. lifted its stake in S&P Global by 81.8% in the 1st quarter. Burney Co. now owns 1,309 shares of the business services provider’s stock worth $557,000 after acquiring an additional 589 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of S&P Global by 16.7% in the first quarter. EverSource Wealth Advisors LLC now owns 434 shares of the business services provider’s stock worth $181,000 after purchasing an additional 62 shares in the last quarter. Park Place Capital Corp boosted its holdings in shares of S&P Global by 37.2% during the second quarter. Park Place Capital Corp now owns 1,486 shares of the business services provider’s stock worth $663,000 after purchasing an additional 403 shares during the period. GAMMA Investing LLC boosted its holdings in shares of S&P Global by 31.6% during the second quarter. GAMMA Investing LLC now owns 2,515 shares of the business services provider’s stock worth $1,122,000 after purchasing an additional 604 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in S&P Global by 3.1% during the second quarter. Massmutual Trust Co. FSB ADV now owns 13,958 shares of the business services provider’s stock valued at $6,225,000 after purchasing an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock opened at $522.57 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a fifty day moving average price of $509.21 and a two-hundred day moving average price of $484.96. The firm has a market capitalization of $162.15 billion, a P/E ratio of 46.12, a P/E/G ratio of 2.67 and a beta of 1.18.

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

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.70%. S&P Global’s payout ratio is 32.13%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SPGI shares. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays lifted their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Oppenheimer increased their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $571.31.

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.