Geller Advisors LLC Has $852,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Geller Advisors LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 43.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,649 shares of the business services provider's stock after selling 1,256 shares during the quarter. Geller Advisors LLC's holdings in S&P Global were worth $852,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the 3rd quarter worth about $27,000. Sachetta LLC boosted its position in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services bought a new stake in S&P Global in the third quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in S&P Global in the second quarter worth about $31,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded down $3.32 during trading hours on Monday, hitting $513.45. 1,144,128 shares of the stock were exchanged, compared to its average volume of 1,208,861. The company has a 50-day simple moving average of $509.48 and a two-hundred day simple moving average of $488.47. The firm has a market capitalization of $159.32 billion, a P/E ratio of 45.61, a P/E/G ratio of 2.64 and a beta of 1.19. 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.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The business 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 firm's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.21 earnings per share. On average, analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.71%. S&P Global's dividend payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective 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. Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 target price for the company. Raymond James lowered shares of S&P Global from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Morgan Stanley raised their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Finally, Oppenheimer lifted their price target on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. 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.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus target price of $571.31.

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.