KCM Investment Advisors LLC Acquires 184 Shares of S&P Global Inc. (NYSE:SPGI)

KCM Investment Advisors LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,091 shares of the business services provider’s stock after purchasing an additional 184 shares during the period. KCM Investment Advisors LLC’s holdings in S&P Global were worth $6,763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First National Corp MA ADV raised its holdings in S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after buying an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. grew its stake in shares of S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after acquiring an additional 20 shares during the period. Trust Point Inc. grew its stake in shares of S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after acquiring an additional 20 shares during the period. Sapient Capital LLC grew its stake in shares of S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after acquiring an additional 21 shares during the period. Finally, Chatham Capital Group Inc. grew its stake in shares of S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after acquiring an additional 21 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock traded down $3.62 during trading hours on Friday, reaching $507.02. 185,444 shares of the company traded hands, compared to its average volume of 1,204,874. The firm has a 50-day moving average price of $510.62 and a 200 day moving average price of $478.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 12-month low of $401.79 and a 12-month high of $533.29. The company has a market cap of $157.33 billion, a P/E ratio of 45.03, a P/E/G ratio of 2.61 and a beta of 1.18.

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, topping analysts’ consensus estimates 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 company 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 firm earned $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts predict that S&P Global Inc. will post 15.25 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. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPGI. Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. 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 report on Wednesday, October 9th. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.