Walkner Condon Financial Advisors LLC Acquires Shares of 417 S&P Global Inc. (NYSE:SPGI)

Walkner Condon Financial Advisors LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 417 shares of the business services provider’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. HWG Holdings LP bought a new stake in S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the 3rd quarter valued at $27,000. Sachetta LLC boosted its stake in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in S&P Global during the second quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SPGI shares. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Stifel Nicolaus upped 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. Bank of America lifted their target price 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. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Oppenheimer raised their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Up 1.5 %

SPGI opened at $497.10 on Friday. S&P Global Inc. has a fifty-two week low of $382.12 and a fifty-two 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 company’s 50-day moving average is $511.49 and its 200 day moving average is $474.78. The firm has a market capitalization of $154.25 billion, a P/E ratio of 43.87, a PEG ratio of 2.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its earnings results 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. The firm 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 company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.21 EPS. Research analysts expect that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

About S&P Global

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.