S&P Global Inc. (NYSE:SPGI) Shares Acquired by Souders Financial Advisors

Souders Financial Advisors increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,689 shares of the business services provider’s stock after buying an additional 96 shares during the period. Souders Financial Advisors’ holdings in S&P Global were worth $1,906,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. HWG Holdings LP acquired a new position in shares of S&P Global in the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global in the 3rd quarter valued at about $27,000. Sachetta LLC lifted its position in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services bought a new stake in S&P Global in the 3rd quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in S&P Global in the 2nd quarter valued at about $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPGI. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays boosted their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Bank of America boosted their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

NYSE SPGI opened at $503.38 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $156.20 billion, a PE ratio of 44.43, a price-to-earnings-growth ratio of 2.59 and a beta of 1.18. The company has a 50 day moving average price of $510.95 and a two-hundred day moving average price of $477.05. S&P Global Inc. has a 12-month low of $392.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the company earned $3.21 earnings per share. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors 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 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 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.