S&P Global Inc. (NYSE:SPGI) Shares Sold by Endowment Wealth Management Inc.

Endowment Wealth Management Inc. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 701 shares of the business services provider’s stock after selling 22 shares during the quarter. Endowment Wealth Management Inc.’s holdings in S&P Global were worth $362,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SPGI. Zions Bancorporation N.A. increased its stake in S&P Global by 10.6% in the 3rd quarter. Zions Bancorporation N.A. now owns 8,716 shares of the business services provider’s stock valued at $4,503,000 after purchasing an additional 837 shares in the last quarter. KBC Group NV grew its holdings in S&P Global by 16.7% in the third quarter. KBC Group NV now owns 300,065 shares of the business services provider’s stock valued at $155,019,000 after purchasing an additional 42,952 shares during the last quarter. Fortis Capital Management LLC increased its position in shares of S&P Global by 15.2% in the third quarter. Fortis Capital Management LLC now owns 2,247 shares of the business services provider’s stock valued at $1,161,000 after buying an additional 297 shares in the last quarter. Plato Investment Management Ltd increased its position in shares of S&P Global by 11.7% in the third quarter. Plato Investment Management Ltd now owns 6,039 shares of the business services provider’s stock valued at $3,117,000 after buying an additional 633 shares in the last quarter. Finally, D Orazio & Associates Inc. raised its stake in shares of S&P Global by 4.9% during the 3rd quarter. D Orazio & Associates Inc. now owns 708 shares of the business services provider’s stock worth $366,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Robert W. Baird increased 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 note on Friday, October 25th. Royal Bank of Canada increased their price target 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. Barclays lifted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Wells Fargo & Company upped their target price on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Up 1.4 %

NYSE SPGI opened at $510.29 on Thursday. The company has a 50-day moving average of $510.74 and a 200-day moving average of $477.90. 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 $398.73 and a 12 month high of $533.29. The company has a market cap of $158.34 billion, a P/E ratio of 45.04, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly 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. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. 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 posted $3.21 earnings per share. As a group, equities analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current 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 given 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 presently 32.13%.

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.