World Investment Advisors LLC Buys 11,996 Shares of S&P Global Inc. (NYSE:SPGI)

World Investment Advisors LLC increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 245.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,880 shares of the business services provider's stock after acquiring an additional 11,996 shares during the quarter. World Investment Advisors LLC's holdings in S&P Global were worth $8,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GDS Wealth Management boosted its stake in shares of S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider's stock worth $14,134,000 after acquiring an additional 1,801 shares during the period. Pinnacle Financial Partners Inc lifted its holdings in S&P Global by 3.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider's stock worth $24,645,000 after purchasing an additional 1,806 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in S&P Global by 53.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock worth $2,784,000 after purchasing an additional 1,936 shares during the period. Blue Trust Inc. grew its holdings in S&P Global by 140.7% during the 2nd quarter. Blue Trust Inc. now owns 3,800 shares of the business services provider's stock valued at $1,617,000 after buying an additional 2,221 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in shares of S&P Global during the third quarter valued at approximately $3,056,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPGI. Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Robert W. Baird raised 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. Barclays boosted their target price on S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Finally, Morgan Stanley upped their price objective on S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a report on Thursday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $573.23.

S&P Global Trading Down 1.6 %

Shares of S&P Global stock traded down $8.05 during trading on Friday, hitting $504.82. The stock had a trading volume of 432,869 shares, compared to its average volume of 1,206,075. The stock has a market cap of $156.65 billion, a PE ratio of 45.27, a PEG ratio of 2.64 and a beta of 1.19. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm's fifty day simple moving average is $509.41 and its 200-day simple moving average is $489.88. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th were paid a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global's payout ratio is 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.