Portfolio Design Labs LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

Portfolio Design Labs LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,557 shares of the business services provider's stock, valued at approximately $1,838,000.

A number of other hedge funds have also recently bought and sold shares of SPGI. Dupont Capital Management Corp increased its stake in S&P Global by 27.1% in the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider's stock worth $12,019,000 after purchasing an additional 6,025 shares in the last quarter. Natixis Investment Managers International boosted its position in S&P Global by 26.5% during the 1st quarter. Natixis Investment Managers International now owns 434 shares of the business services provider's stock worth $185,000 after acquiring an additional 91 shares during the period. Evermay Wealth Management LLC boosted its position in S&P Global by 119.0% during the 1st quarter. Evermay Wealth Management LLC now owns 335 shares of the business services provider's stock worth $143,000 after acquiring an additional 182 shares during the period. Delap Wealth Advisory LLC acquired a new stake in S&P Global during the 1st quarter worth about $205,000. Finally, CreativeOne Wealth LLC boosted its position in S&P Global by 101.2% during the 1st quarter. CreativeOne Wealth LLC now owns 1,620 shares of the business services provider's stock worth $690,000 after acquiring an additional 815 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.2 %

Shares of NYSE:SPGI traded up $0.81 during mid-day trading on Wednesday, reaching $503.12. 1,258,342 shares of the stock were exchanged, compared to its average volume of 1,211,534. The stock's 50 day simple moving average is $509.86 and its 200-day simple moving average is $480.77. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $156.12 billion, a P/E ratio of 44.33, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business's revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm posted $3.21 earnings per share. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global's payout ratio is 32.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SPGI shares. Wells Fargo & Company lifted their price target on S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price target on the stock. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Finally, Morgan Stanley boosted their price target on S&P Global from $564.00 to $570.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.