Pittenger & Anderson Inc. Boosts Stake in S&P Global Inc. (NYSE:SPGI)

Pittenger & Anderson Inc. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 50,024 shares of the business services provider’s stock after acquiring an additional 68 shares during the quarter. S&P Global comprises 1.0% of Pittenger & Anderson Inc.’s holdings, making the stock its 24th biggest position. Pittenger & Anderson Inc.’s holdings in S&P Global were worth $25,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. Geneva Partners LLC purchased a new stake in S&P Global during the 3rd quarter valued at approximately $2,845,000. United Advisor Group LLC purchased a new position in S&P Global during the third quarter worth about $205,000. Sentry Investment Management LLC lifted its position in S&P Global by 6.5% in the third quarter. Sentry Investment Management LLC now owns 2,464 shares of the business services provider’s stock valued at $1,273,000 after purchasing an additional 150 shares during the period. Cary Street Partners Asset Management LLC boosted its holdings in S&P Global by 8.7% in the 3rd quarter. Cary Street Partners Asset Management LLC now owns 585 shares of the business services provider’s stock valued at $302,000 after purchasing an additional 47 shares in the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $73,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Activity at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Up 0.5 %

NYSE SPGI opened at $485.77 on Tuesday. 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 fifty-two week low of $381.33 and a fifty-two week high of $533.29. The business has a 50 day moving average price of $512.12 and a two-hundred day moving average price of $474.13. The stock has a market cap of $150.73 billion, a PE ratio of 42.87, a P/E/G ratio of 2.48 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping 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 business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the company posted $3.21 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of analyst reports. Barclays lifted their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Bank of America increased their target price on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Two analysts have rated the stock with a hold rating and twelve have given 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 price target of $571.31.

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.