United Advisor Group LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

United Advisor Group LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 396 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. HWG Holdings LP acquired a new stake in S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter worth about $27,000. Sachetta LLC increased its stake in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Hobbs Group Advisors LLC acquired a new stake in S&P Global in the 2nd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. grew its position in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.0 %

NYSE:SPGI opened at $489.53 on Thursday. 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 firm has a market capitalization of $151.90 billion, a price-to-earnings ratio of 43.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.18. S&P Global Inc. has a 1-year low of $382.12 and a 1-year high of $533.29. The stock has a fifty day simple moving average of $511.49 and a 200 day simple moving average of $474.78.

S&P Global (NYSE:SPGI) last posted 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. 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 period in the previous year, the company posted $3.21 EPS. S&P Global’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that S&P Global Inc. will post 15.16 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.74%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SPGI. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Bank of America upped their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada increased their price target on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $571.31.

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.