Adero Partners LLC Purchases 26 Shares of S&P Global Inc. (NYSE:SPGI)

Adero Partners LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 5.0% in the third quarter, HoldingsChannel reports. The firm owned 545 shares of the business services provider’s stock after buying an additional 26 shares during the quarter. Adero Partners LLC’s holdings in S&P Global were worth $282,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HWG Holdings LP bought a new stake in S&P Global in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the 3rd quarter valued at approximately $27,000. Sachetta LLC grew its position in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the period. First Personal Financial Services bought a new position in shares of S&P Global during the 3rd quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of S&P Global during the 2nd quarter valued at approximately $31,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $503.29 on Monday. S&P Global Inc. has a 1 year low of $401.79 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $156.17 billion, a PE ratio of 44.42, a P/E/G ratio of 2.57 and a beta of 1.18. The company’s 50 day simple moving average is $510.47 and its two-hundred day simple moving average is $479.62.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 period in the prior year, the company posted $3.21 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research reports. Stifel Nicolaus increased their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley increased their target price on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

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.