531 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by GenTrust LLC

GenTrust LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 531 shares of the business services provider’s stock, valued at approximately $274,000.

Several other institutional investors have also bought and sold shares of the stock. Stonebrook Private Inc. lifted its holdings in S&P Global by 3.8% in the third quarter. Stonebrook Private Inc. now owns 1,952 shares of the business services provider’s stock worth $1,008,000 after purchasing an additional 72 shares during the period. Meridian Wealth Management LLC lifted its holdings in S&P Global by 12.4% in the third quarter. Meridian Wealth Management LLC now owns 7,098 shares of the business services provider’s stock worth $3,667,000 after purchasing an additional 783 shares during the period. Biltmore Family Office LLC raised its position in S&P Global by 6.5% in the third quarter. Biltmore Family Office LLC now owns 737 shares of the business services provider’s stock worth $381,000 after acquiring an additional 45 shares in the last quarter. Raymond James Trust N.A. raised its position in S&P Global by 6.9% in the third quarter. Raymond James Trust N.A. now owns 10,230 shares of the business services provider’s stock worth $5,285,000 after acquiring an additional 659 shares in the last quarter. Finally, AlphaCore Capital LLC bought a new stake in S&P Global in the third quarter worth about $206,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of 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 boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Barclays boosted their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. BMO Capital Markets dropped their price target on shares of 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, Oppenheimer boosted their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Up 0.6 %

Shares of NYSE SPGI opened at $514.46 on Friday. The stock has a market cap of $159.64 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 2.61 and a beta of 1.18. The business has a 50 day simple moving average of $509.35 and a 200 day simple moving average of $482.13. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. 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 EPS. On average, research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio is 32.13%.

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.