Raymond James Trust N.A. Buys 659 Shares of S&P Global Inc. (NYSE:SPGI)

Raymond James Trust N.A. grew its stake in S&P Global Inc. (NYSE:SPGI) by 6.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,230 shares of the business services provider’s stock after purchasing an additional 659 shares during the period. Raymond James Trust N.A.’s holdings in S&P Global were worth $5,285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dupont Capital Management Corp grew its position in S&P Global by 27.1% in the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock valued at $12,019,000 after acquiring an additional 6,025 shares during the last quarter. CreativeOne Wealth LLC grew its holdings in shares of S&P Global by 101.2% in the first quarter. CreativeOne Wealth LLC now owns 1,620 shares of the business services provider’s stock worth $690,000 after purchasing an additional 815 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in S&P Global by 64.2% in the 1st quarter. Axxcess Wealth Management LLC now owns 2,058 shares of the business services provider’s stock valued at $876,000 after buying an additional 805 shares during the period. Quadrature Capital Ltd bought a new position in S&P Global in the 1st quarter worth about $2,236,000. Finally, Bamco Inc. NY raised its stake in shares of S&P Global by 47.4% during the first quarter. Bamco Inc. NY now owns 36,274 shares of the business services provider’s stock valued at $15,433,000 after acquiring an additional 11,667 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.6 %

NYSE:SPGI opened at $514.37 on Friday. The stock has a market capitalization of $159.61 billion, a price-to-earnings ratio of 45.40, a PEG ratio of 2.61 and a beta of 1.18. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. 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 50 day moving average of $509.35 and a 200 day moving average of $481.76.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm 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 of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s payout ratio is 32.13%.

Analyst Ratings Changes

SPGI has been the topic of several research analyst reports. Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley raised their price target on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.