S&P Global Inc. (NYSE:SPGI) Shares Purchased by Souders Financial Advisors

Souders Financial Advisors increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,689 shares of the business services provider’s stock after buying an additional 96 shares during the quarter. Souders Financial Advisors’ holdings in S&P Global were worth $1,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital International Investors boosted its holdings in S&P Global by 5.3% during the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock valued at $2,464,951,000 after purchasing an additional 291,712 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after buying an additional 29,227 shares during the period. Ameriprise Financial Inc. boosted its stake in S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the period. Clearbridge Investments LLC boosted its stake in shares of S&P Global by 1.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after buying an additional 20,624 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its stake in shares of S&P Global by 0.6% during the 1st quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider’s stock worth $620,366,000 after buying an additional 8,435 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. Oppenheimer raised their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Barclays lifted their price target 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. Bank of America lifted their target price on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. BMO Capital Markets cut their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 0.8 %

Shares of NYSE SPGI opened at $503.38 on Wednesday. The firm has a market cap of $156.20 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 2.59 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52-week low of $392.69 and a 52-week high of $533.29. The business’s 50 day moving average is $510.95 and its two-hundred day moving average is $477.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.43 billion. During the same period in the previous year, the company earned $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. Research analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global’s dividend payout ratio 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.