S&P Global Inc. (NYSE:SPGI) Shares Purchased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,637 shares of the business services provider’s stock after buying an additional 93 shares during the period. Strengthening Families & Communities LLC’s holdings in S&P Global were worth $1,363,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the third quarter worth about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the third quarter worth about $29,000. Sachetta LLC boosted its holdings in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of S&P Global in the third quarter worth about $31,000. Finally, HWG Holdings LP acquired a new position in shares of S&P Global in the second quarter worth about $27,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 1.4 %

Shares of SPGI stock opened at $503.29 on Monday. S&P Global Inc. has a 1 year low of $401.79 and a 1 year high of $533.29. The firm’s fifty day simple moving average is $510.47 and its 200 day simple moving average is $479.62. The firm has a market capitalization of $156.17 billion, a P/E ratio of 44.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

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

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global’s dividend payout ratio is presently 32.13%.

Analyst Ratings Changes

Several research analysts have commented on SPGI shares. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their target price on shares of 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. Finally, Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.