Great Valley Advisor Group Inc. Acquires 62 Shares of S&P Global Inc. (NYSE:SPGI)

Great Valley Advisor Group Inc. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 11.7% in the third quarter, Holdings Channel.com reports. The fund owned 591 shares of the business services provider’s stock after buying an additional 62 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in S&P Global were worth $305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPGI. Dupont Capital Management Corp raised 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 purchasing an additional 6,025 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in S&P Global by 6.1% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,623 shares of the business services provider’s stock valued at $1,967,000 after purchasing an additional 264 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in S&P Global by 17.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 3,711 shares of the business services provider’s stock valued at $1,579,000 after purchasing an additional 539 shares in the last quarter. Strategic Wealth Partners Ltd. raised its position in S&P Global by 14.0% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 2,179 shares of the business services provider’s stock valued at $927,000 after purchasing an additional 268 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. raised its position in S&P Global by 1.0% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 5,375 shares of the business services provider’s stock valued at $2,287,000 after purchasing an additional 52 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.2 %

Shares of SPGI stock opened at $522.96 on Thursday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The stock’s fifty day moving average price is $509.26 and its 200 day moving average price is $484.04. 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 company has a market cap of $162.27 billion, a price-to-earnings ratio of 46.16, a price-to-earnings-growth ratio of 2.66 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the business earned $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders 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 yield of 0.70%. S&P Global’s payout ratio is presently 32.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Oppenheimer lifted their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Royal Bank of Canada boosted their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted 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. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, Raymond James lowered 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.