Turtle Creek Wealth Advisors LLC Invests $231,000 in S&P Global Inc. (NYSE:SPGI)

Turtle Creek Wealth Advisors LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 448 shares of the business services provider’s stock, valued at approximately $231,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Comgest Global Investors S.A.S. increased its stake in S&P Global by 5.8% during the third quarter. Comgest Global Investors S.A.S. now owns 532,572 shares of the business services provider’s stock worth $275,137,000 after acquiring an additional 29,036 shares during the last quarter. Maxwell Wealth Strategies Inc. grew its holdings in shares of S&P Global by 28.2% during the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 4,244 shares of the business services provider’s stock worth $2,078,000 after purchasing an additional 934 shares during the period. Natixis Advisors LLC increased its position in shares of S&P Global by 10.2% during the 3rd quarter. Natixis Advisors LLC now owns 220,914 shares of the business services provider’s stock worth $114,129,000 after purchasing an additional 20,422 shares during the last quarter. Mizuho Securities USA LLC lifted its position in S&P Global by 154.6% in the third quarter. Mizuho Securities USA LLC now owns 62,834 shares of the business services provider’s stock valued at $32,461,000 after buying an additional 38,152 shares during the last quarter. Finally, KCM Investment Advisors LLC boosted its stake in S&P Global by 1.4% during the third quarter. KCM Investment Advisors LLC now owns 13,091 shares of the business services provider’s stock worth $6,763,000 after buying an additional 184 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $503.29 on Friday. S&P Global Inc. has a 12 month low of $401.79 and a 12 month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $156.17 billion, a P/E ratio of 44.42, a PEG ratio of 2.57 and a beta of 1.18. The firm has a fifty day moving average price of $510.47 and a 200 day moving average price of $479.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.21 EPS. Sell-side analysts predict that S&P Global Inc. will post 15.24 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. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Analyst Ratings Changes

Several equities analysts have recently commented on SPGI shares. Evercore ISI initiated 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 on the stock. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their target price on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.