PNC Financial Services Group Inc. Buys 1,453 Shares of S&P Global Inc. (NYSE:SPGI)

PNC Financial Services Group Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 690,164 shares of the business services provider's stock after buying an additional 1,453 shares during the quarter. PNC Financial Services Group Inc. owned about 0.22% of S&P Global worth $356,553,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPGI. First National Corp MA ADV increased its position in shares of S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock worth $1,211,000 after acquiring an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in shares of S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock valued at $51,000 after buying an additional 20 shares during the last quarter. Trust Point Inc. grew its position in shares of S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock worth $725,000 after buying an additional 20 shares in the last quarter. Sapient Capital LLC increased its stake in shares of S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider's stock worth $385,000 after buying an additional 21 shares during the last quarter. Finally, Chatham Capital Group Inc. boosted its stake in S&P Global by 0.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider's stock valued at $2,007,000 after acquiring an additional 21 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPGI. Stifel Nicolaus increased 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. UBS Group increased their price target 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. BMO Capital Markets lowered their price objective on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Stock Down 0.1 %

NYSE SPGI traded down $0.69 during trading on Tuesday, reaching $502.31. 1,224,032 shares of the company's stock were exchanged, compared to its average volume of 1,210,792. 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 Inc. has a fifty-two week low of $407.53 and a fifty-two week high of $533.29. The company's fifty day simple moving average is $510.21 and its 200-day simple moving average is $480.23. The firm has a market capitalization of $155.87 billion, a PE ratio of 44.40, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. The business's quarterly revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed 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 of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global's 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.