Retireful LLC Invests $817,000 in S&P Global Inc. (NYSE:SPGI)

Retireful LLC acquired a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,581 shares of the business services provider's stock, valued at approximately $817,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPGI. Portfolio Design Labs LLC bought a new stake in S&P Global in the third quarter worth about $1,838,000. NS Partners Ltd raised its position in S&P Global by 1.8% during the third quarter. NS Partners Ltd now owns 85,313 shares of the business services provider's stock valued at $44,074,000 after acquiring an additional 1,506 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in S&P Global in the third quarter valued at approximately $21,291,000. Avior Wealth Management LLC raised its holdings in shares of S&P Global by 18.4% during the 3rd quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider's stock valued at $232,000 after purchasing an additional 70 shares in the last quarter. Finally, West Family Investments Inc. raised its holdings in shares of S&P Global by 11.2% during the 3rd quarter. West Family Investments Inc. now owns 1,156 shares of the business services provider's stock valued at $597,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Barclays lifted their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, September 13th. 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. Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Price Performance

SPGI traded up $0.81 during trading on Wednesday, reaching $503.12. 1,258,342 shares of the company traded hands, compared to its average volume of 1,211,534. The firm has a fifty day simple moving average of $509.86 and a 200 day simple moving average of $480.77. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. 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 cap of $156.12 billion, a P/E ratio of 44.33, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during 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 business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $3.21 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced 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. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global's dividend payout ratio (DPR) 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.