Crestwood Advisors Group LLC Purchases 734 Shares of S&P Global Inc. (NYSE:SPGI)

Crestwood Advisors Group LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,835 shares of the business services provider’s stock after acquiring an additional 734 shares during the quarter. Crestwood Advisors Group LLC’s holdings in S&P Global were worth $41,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $27,000. Sachetta LLC lifted its position in shares of S&P Global by 103.4% during the 2nd 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. HWG Holdings LP bought a new stake in shares of S&P Global during the 2nd quarter valued at $27,000. Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in S&P Global in the second quarter valued at about $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on SPGI shares. Wells Fargo & Company upped their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Bank of America boosted their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Morgan Stanley raised their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets lowered their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Royal Bank of Canada raised 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 note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

Insider Activity

In related news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at $7,618,662.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

S&P Global Trading Up 0.3 %

Shares of SPGI traded up $1.51 during mid-day trading on Tuesday, reaching $487.28. 31,688 shares of the company were exchanged, compared to its average volume of 1,197,889. The business has a 50 day simple moving average of $512.12 and a two-hundred day simple moving average of $474.13. S&P Global Inc. has a 52 week low of $381.33 and a 52 week high of $533.29. The stock has a market capitalization of $151.20 billion, a PE ratio of 42.87, a PEG ratio of 2.48 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the company earned $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts predict that S&P Global Inc. will post 15.16 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.