Lebenthal Global Advisors LLC Purchases New Position in S&P Global Inc. (NYSE:SPGI)

Lebenthal Global Advisors LLC acquired a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,272 shares of the business services provider's stock, valued at approximately $1,174,000.

Several other large investors have also recently bought and sold shares of the stock. HWG Holdings LP acquired a new stake in S&P Global in the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the 3rd quarter worth about $27,000. Sachetta LLC lifted its holdings in 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 purchasing an additional 30 shares during the last quarter. Hobbs Group Advisors LLC acquired a new position in S&P Global in the second quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after buying an additional 27 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPGI. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. 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. Barclays raised their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an "overweight" rating in a report on Friday, September 13th. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Stock Up 0.6 %

NYSE SPGI traded up $2.95 on Friday, reaching $483.31. The company had a trading volume of 940,235 shares, compared to its average volume of 1,200,037. The company's fifty day moving average is $512.79 and its 200-day moving average is $472.23. S&P Global Inc. has a 1-year low of $365.00 and a 1-year high of $533.29. The firm has a market capitalization of $149.97 billion, a price-to-earnings ratio of 42.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 0.94.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm posted $3.21 EPS. The business's revenue was up 15.9% on a year-over-year basis. On average, research analysts forecast that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.75%. S&P Global's payout ratio is presently 32.13%.

Insider Activity at S&P Global

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares of the company's stock, valued at $7,618,662.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company's stock.

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.