LRI Investments LLC Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

LRI Investments LLC lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 69,852.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,488 shares of the business services provider's stock after buying an additional 17,463 shares during the period. S&P Global makes up approximately 0.8% of LRI Investments LLC's holdings, making the stock its 19th largest holding. LRI Investments LLC's holdings in S&P Global were worth $9,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PYA Waltman Capital LLC increased its holdings in shares of S&P Global by 0.8% in the 3rd quarter. PYA Waltman Capital LLC now owns 22,716 shares of the business services provider's stock worth $11,736,000 after purchasing an additional 171 shares in the last quarter. EWA LLC boosted its stake in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after purchasing an additional 20 shares during the period. Y Intercept Hong Kong Ltd lifted its holdings in shares of S&P Global by 91.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,182 shares of the business services provider's stock worth $611,000 after buying an additional 563 shares during the period. MML Investors Services LLC boosted its position in S&P Global by 32.3% during the 3rd quarter. MML Investors Services LLC now owns 36,396 shares of the business services provider's stock valued at $18,803,000 after acquiring an additional 8,896 shares in the last quarter. Finally, Headinvest LLC lifted its position in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock valued at $515,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price target for the company. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Stifel Nicolaus upped their target price 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. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Oppenheimer upped their price target on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Stock Down 0.7 %

Shares of NYSE:SPGI traded down $3.42 during trading on Monday, hitting $513.35. The company's stock had a trading volume of 1,144,318 shares, compared to its average volume of 1,209,305. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $159.29 billion, a PE ratio of 45.61, a P/E/G ratio of 2.64 and a beta of 1.19. The business has a 50 day moving average price of $509.48 and a two-hundred day moving average price of $488.47. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm earned $3.21 earnings per share. The firm's quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio is presently 32.13%.

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.