S&P Global Inc. (NYSE:SPGI) Shares Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,098 shares of the business services provider’s stock after purchasing an additional 783 shares during the quarter. Meridian Wealth Management LLC’s holdings in S&P Global were worth $3,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in S&P Global in the 3rd quarter valued at about $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the 3rd quarter valued at approximately $29,000. Sachetta LLC lifted its holdings in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in S&P Global in the third quarter worth approximately $31,000. Finally, HWG Holdings LP acquired a new stake in S&P Global during the second quarter worth $27,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.6 %

Shares of NYSE:SPGI opened at $514.37 on Friday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The firm’s 50 day moving average price is $509.35 and its 200 day moving average price is $481.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $159.61 billion, a price-to-earnings ratio of 45.40, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its 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 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 in the previous year, the firm posted $3.21 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

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

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. BMO Capital Markets decreased their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Morgan Stanley upped their target price 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. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus 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.