7,794 Shares in S&P Global Inc. (NYSE:SPGI) Bought by BNC Wealth Management LLC

BNC Wealth Management LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,794 shares of the business services provider’s stock, valued at approximately $4,027,000. S&P Global accounts for approximately 1.5% of BNC Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors have also recently added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new stake in S&P Global during the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter valued at $27,000. Sachetta LLC grew its position in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. Hobbs Group Advisors LLC purchased a new stake in S&P Global during the 2nd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. increased its position in shares of 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 acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SPGI shares. Barclays upped their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Stifel Nicolaus lifted 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, October 28th. Morgan Stanley upped their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. BMO Capital Markets reduced their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Down 0.0 %

S&P Global stock opened at $489.53 on Thursday. 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 stock’s fifty day moving average is $511.49 and its two-hundred day moving average is $474.78. S&P Global Inc. has a fifty-two week low of $382.12 and a fifty-two week high of $533.29. The firm has a market capitalization of $151.90 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. 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 previous year, the company posted $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts predict that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given 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 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

S&P Global Company 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.