Brophy Wealth Management LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,236 shares of the business services provider's stock, valued at approximately $1,155,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter valued at $27,000. Sachetta LLC grew its stake 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 valued at $29,000 after buying an additional 30 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter valued at $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global in the second quarter valued at $31,000. Institutional investors and hedge funds own 87.17% of the company's stock.
Wall Street Analyst Weigh In
SPGI has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on 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. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Wells Fargo & Company boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. BMO Capital Markets lowered their target price on 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. Finally, Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $571.31.
Read Our Latest Report on SPGI
S&P Global Stock Performance
Shares of S&P Global stock traded down $1.20 on Tuesday, hitting $512.15. The stock had a trading volume of 1,306,283 shares, compared to its average volume of 1,212,385. S&P Global Inc. has a 52-week low of $407.69 and a 52-week 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 stock has a market cap of $158.92 billion, a price-to-earnings ratio of 45.20, a P/E/G ratio of 2.64 and a beta of 1.19. The company's 50 day moving average price is $509.41 and its 200 day moving average price is $489.01.
S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the business earned $3.21 EPS. The business's quarterly revenue was up 15.9% on a year-over-year basis. On average, research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current 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 given a $0.91 dividend. 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 presently 32.13%.
About S&P Global
(
Free Report)
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.
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