First Horizon Advisors Inc. Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

First Horizon Advisors Inc. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,220 shares of the business services provider’s stock after buying an additional 44 shares during the period. First Horizon Advisors Inc.’s holdings in S&P Global were worth $9,930,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Dupont Capital Management Corp grew its holdings in shares of S&P Global by 27.1% in the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after purchasing an additional 6,025 shares during the last quarter. Delap Wealth Advisory LLC bought a new stake in S&P Global in the 1st quarter worth $205,000. CreativeOne Wealth LLC increased its position in shares of S&P Global by 101.2% in the first quarter. CreativeOne Wealth LLC now owns 1,620 shares of the business services provider’s stock valued at $690,000 after acquiring an additional 815 shares during the period. Axxcess Wealth Management LLC raised its stake in shares of S&P Global by 64.2% during the first quarter. Axxcess Wealth Management LLC now owns 2,058 shares of the business services provider’s stock valued at $876,000 after acquiring an additional 805 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of S&P Global by 1.5% during the first quarter. Advisors Asset Management Inc. now owns 21,370 shares of the business services provider’s stock worth $9,092,000 after purchasing an additional 308 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.2 %

Shares of S&P Global stock opened at $503.12 on Thursday. The company has a 50-day simple moving average of $509.61 and a two-hundred day simple moving average of $480.93. The stock has a market capitalization of $156.12 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. 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 quick ratio of 0.94 and a current ratio of 0.94.

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

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Stifel Nicolaus upped their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. 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 analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global 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.