S&P Global Inc. (NYSE:SPGI) Shares Purchased by Stonebrook Private Inc.

Stonebrook Private Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,952 shares of the business services provider’s stock after acquiring an additional 72 shares during the quarter. Stonebrook Private Inc.’s holdings in S&P Global were worth $1,008,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SPGI. Meridian Wealth Management LLC raised its position in shares of S&P Global by 12.4% in the third quarter. Meridian Wealth Management LLC now owns 7,098 shares of the business services provider’s stock worth $3,667,000 after acquiring an additional 783 shares during the period. Biltmore Family Office LLC raised its holdings in S&P Global by 6.5% in the 3rd quarter. Biltmore Family Office LLC now owns 737 shares of the business services provider’s stock worth $381,000 after purchasing an additional 45 shares during the period. Raymond James Trust N.A. boosted its position in S&P Global by 6.9% during the third quarter. Raymond James Trust N.A. now owns 10,230 shares of the business services provider’s stock worth $5,285,000 after purchasing an additional 659 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in S&P Global in the third quarter valued at approximately $206,000. Finally, Eagle Asset Management Inc. increased its position in shares of S&P Global by 53.8% in the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock valued at $2,784,000 after buying an additional 1,936 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI opened at $514.37 on Friday. The firm has a 50-day simple moving average of $509.35 and a two-hundred day simple moving average of $481.76. The stock has a market cap of $159.61 billion, a PE ratio of 45.40, a P/E/G ratio of 2.61 and a beta of 1.18. S&P Global Inc. has a 1-year low of $407.69 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.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm earned $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts forecast that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Royal Bank of Canada lifted 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. Morgan Stanley upped their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. BMO Capital Markets lowered their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a 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 data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price 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.