Lindbrook Capital LLC Boosts Holdings in S&P Global Inc. (NYSE:SPGI)

Lindbrook Capital LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,178 shares of the business services provider’s stock after acquiring an additional 55 shares during the quarter. Lindbrook Capital LLC’s holdings in S&P Global were worth $1,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dupont Capital Management Corp grew its position in shares of S&P Global by 27.1% during the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after acquiring an additional 6,025 shares during the last quarter. Norden Group LLC purchased a new stake in shares of S&P Global in the first quarter valued at about $377,000. Duality Advisers LP acquired a new stake in shares of S&P Global during the first quarter worth about $733,000. Atomi Financial Group Inc. grew its holdings in shares of S&P Global by 43.5% during the first quarter. Atomi Financial Group Inc. now owns 802 shares of the business services provider’s stock worth $341,000 after buying an additional 243 shares during the last quarter. Finally, Choate Investment Advisors increased its position in S&P Global by 1.9% in the 1st quarter. Choate Investment Advisors now owns 12,438 shares of the business services provider’s stock valued at $5,292,000 after acquiring an additional 237 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Up 1.2 %

Shares of SPGI stock opened at $502.82 on Friday. S&P Global Inc. has a fifty-two week low of $385.38 and a fifty-two week 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 business has a fifty day simple moving average of $511.07 and a 200-day simple moving average of $475.53. The stock has a market cap of $156.03 billion, a P/E ratio of 44.38, a P/E/G 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 (EPS) for the quarter, topping 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 net margin of 25.80% and a return on equity of 13.72%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.21 earnings per share. On average, analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

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 issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley raised their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

About S&P Global

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.