Maxwell Wealth Strategies Inc. Buys 934 Shares of S&P Global Inc. (NYSE:SPGI)

Maxwell Wealth Strategies Inc. raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 28.2% in the third quarter, HoldingsChannel reports. The fund owned 4,244 shares of the business services provider’s stock after acquiring an additional 934 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in S&P Global were worth $2,078,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in S&P Global by 107.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after buying an additional 2,962 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of S&P Global in the first quarter valued at about $2,236,000. O Shaughnessy Asset Management LLC increased its position in S&P Global by 21.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after acquiring an additional 6,162 shares during the period. Nwam LLC raised its stake in S&P Global by 45.5% in the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock worth $446,000 after purchasing an additional 326 shares in the last quarter. Finally, GDS Wealth Management boosted its holdings in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 1.4 %

Shares of NYSE SPGI opened at $503.29 on Friday. The company has a market cap of $156.17 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 2.61 and a beta of 1.18. 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 12 month low of $401.79 and a 12 month high of $533.29. The stock has a 50-day moving average price of $510.47 and a two-hundred day moving average price of $478.74.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the company earned $3.21 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio is currently 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.