J.W. Cole Advisors Inc. Makes New Investment in S&P Global Inc. (NYSE:SPGI)

J.W. Cole Advisors Inc. bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 646 shares of the business services provider’s stock, valued at approximately $334,000.

Several other institutional investors have also recently made changes to their positions in SPGI. Norden Group LLC bought a new stake in shares of S&P Global during the 1st quarter valued at $5,339,000. Dupont Capital Management Corp lifted its position in S&P Global by 27.1% during 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 period. Mission Wealth Management LP boosted its stake in S&P Global by 71.4% during the first quarter. Mission Wealth Management LP now owns 3,477 shares of the business services provider’s stock worth $1,479,000 after acquiring an additional 1,449 shares in the last quarter. BOK Financial Private Wealth Inc. grew its holdings in S&P Global by 46.5% in the first quarter. BOK Financial Private Wealth Inc. now owns 211 shares of the business services provider’s stock worth $90,000 after purchasing an additional 67 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of S&P Global by 2.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,673 shares of the business services provider’s stock valued at $32,195,000 after purchasing an additional 1,951 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 1.2 %

NYSE:SPGI opened at $480.20 on Friday. The company has a market cap of $150.25 billion, a PE ratio of 53.83, a price-to-earnings-growth ratio of 2.76 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a 50 day simple moving average of $512.79 and a two-hundred day simple moving average of $472.23. S&P Global Inc. has a 12 month low of $342.93 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company 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 13.03% and a net margin of 25.03%. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 earnings per share. Research analysts forecast that S&P Global Inc. will post 14.79 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 40.81%.

Insider Activity at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SPGI shares. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Bank of America increased 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 report on Tuesday, July 16th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.