Benjamin Edwards Inc. Has $42.87 Million Stake in S&P Global Inc. (NYSE:SPGI)

Benjamin Edwards Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 2,112.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,962 shares of the business services provider’s stock after acquiring an additional 79,213 shares during the quarter. Benjamin Edwards Inc.’s holdings in S&P Global were worth $42,870,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Sachetta LLC increased its holdings in shares of 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 purchasing an additional 30 shares in the last quarter. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter worth approximately $31,000. Finally, HWG Holdings LP acquired a new position in S&P Global during the 2nd quarter worth $27,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock opened at $522.51 on Monday. The stock’s fifty day simple moving average is $509.21 and its 200 day simple moving average is $485.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $162.13 billion, a PE ratio of 46.12, a PEG ratio of 2.67 and a beta of 1.18. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last released its quarterly 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 return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared 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 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SPGI shares. Oppenheimer boosted their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. 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 research report on Friday, October 25th. Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Finally, UBS Group increased their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $571.31.

About S&P Global

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.