Fulcrum Equity Management Buys New Stake in S&P Global Inc. (NYSE:SPGI)

Fulcrum Equity Management purchased a new position in S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 388 shares of the business services provider’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter worth $27,000. Sachetta LLC lifted its holdings in shares of S&P Global by 103.4% during 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 period. First Personal Financial Services acquired a new stake in shares of S&P Global in the 3rd quarter valued at $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of S&P Global in the 2nd quarter worth about $31,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SPGI. Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group increased 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. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, Morgan Stanley increased their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Trading Up 0.8 %

Shares of SPGI opened at $516.26 on Thursday. The stock’s fifty day simple moving average is $509.45 and its 200-day simple moving average is $489.72. 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 firm has a market capitalization of $160.20 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. 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 earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company posted $3.21 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. As a group, research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th were issued 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 was Tuesday, November 26th. S&P Global’s dividend payout ratio 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.