Continuum Advisory LLC Boosts Stake in S&P Global Inc. (NYSE:SPGI)

Continuum Advisory LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,544 shares of the business services provider’s stock after buying an additional 20 shares during the period. Continuum Advisory LLC’s holdings in S&P Global were worth $788,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. First National Corp MA ADV boosted its position in S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after purchasing an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its holdings in shares of S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after buying an additional 20 shares during the last quarter. Trust Point Inc. increased its holdings in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the last quarter. Headinvest LLC raised its position in S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after acquiring an additional 20 shares during the period. Finally, EWA LLC grew its position in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $513.45 on Tuesday. S&P Global Inc. has a 12-month low of $407.69 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 $159.32 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The stock has a 50-day moving average price of $509.41 and a 200-day moving average price of $489.01.

S&P Global (NYSE:SPGI) last announced its 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 business had revenue of $3.58 billion during 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%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.21 earnings per share. As a group, equities analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared 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 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPGI shares. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Oppenheimer lifted their price objective on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets dropped their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price 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.