Prudent Man Advisors LLC Acquires 327 Shares of S&P Global Inc. (NYSE:SPGI)

Prudent Man Advisors LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 20.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,932 shares of the business services provider’s stock after acquiring an additional 327 shares during the quarter. Prudent Man Advisors LLC’s holdings in S&P Global were worth $998,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Dupont Capital Management Corp boosted its holdings in S&P Global by 27.1% during the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after buying an additional 6,025 shares during the last quarter. Covestor Ltd increased its stake in shares of S&P Global by 21.4% in the 1st quarter. Covestor Ltd now owns 487 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 86 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of S&P Global by 21.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after acquiring an additional 6,162 shares during the period. UniSuper Management Pty Ltd boosted its stake in S&P Global by 160.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,659 shares of the business services provider’s stock worth $2,833,000 after acquiring an additional 4,099 shares during the last quarter. Finally, Point Break Capital Management LLC grew its holdings in S&P Global by 74.9% during the first quarter. Point Break Capital Management LLC now owns 2,694 shares of the business services provider’s stock valued at $1,146,000 after purchasing an additional 1,154 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. 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 report on Friday, October 25th. Robert W. Baird raised their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Finally, Morgan Stanley lifted their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

Shares of SPGI opened at $503.29 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $401.79 and a twelve month high of $533.29. The stock has a market capitalization of $156.17 billion, a P/E ratio of 44.42, a P/E/G ratio of 2.57 and a beta of 1.18. The company has a 50 day moving average of $510.47 and a 200-day moving average of $479.62.

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

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

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.