Empowered Funds LLC Acquires 377 Shares of S&P Global Inc. (NYSE:SPGI)

Empowered Funds LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,027 shares of the business services provider’s stock after purchasing an additional 377 shares during the period. Empowered Funds LLC’s holdings in S&P Global were worth $3,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors lifted its stake in S&P Global by 5.3% in the first quarter. Capital International Investors now owns 5,793,751 shares of the business services provider’s stock worth $2,464,951,000 after acquiring an additional 291,712 shares during the period. Legal & General Group Plc lifted its position in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after purchasing an additional 29,227 shares during the period. Ameriprise Financial Inc. lifted its position in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the period. Clearbridge Investments LLC boosted its stake in shares of S&P Global by 1.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after purchasing an additional 20,624 shares in the last quarter. Finally, Fayez Sarofim & Co increased its position in shares of S&P Global by 0.6% during the first quarter. Fayez Sarofim & Co now owns 1,458,141 shares of the business services provider’s stock valued at $620,366,000 after buying an additional 8,435 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.1 %

Shares of NYSE SPGI opened at $503.00 on Tuesday. The firm’s 50 day moving average price is $510.21 and its 200-day moving average price is $480.23. S&P Global Inc. has a 52-week low of $407.53 and a 52-week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $156.08 billion, a PE ratio of 44.40, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 EPS. On average, equities research analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed 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 of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global’s payout ratio is 32.13%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Oppenheimer lifted their price objective 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. Wells Fargo & Company upped their price target on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Royal Bank of Canada increased their price objective on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock 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.