Financial Counselors Inc. Purchases 1,599 Shares of S&P Global Inc. (NYSE:SPGI)

Financial Counselors Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 14.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 12,602 shares of the business services provider’s stock after purchasing an additional 1,599 shares during the period. Financial Counselors Inc.’s holdings in S&P Global were worth $6,510,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of 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 in the 3rd quarter valued at about $29,000. Sachetta LLC raised its holdings in shares of S&P Global by 103.4% in the 2nd 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 stake in shares of S&P Global in the 3rd quarter valued at about $31,000. Finally, HWG Holdings LP bought a new stake in shares of S&P Global in the 2nd quarter valued at about $27,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.2 %

SPGI stock opened at $522.86 on Friday. The firm’s fifty day simple moving average is $509.24 and its 200-day simple moving average is $484.31. The company has a market capitalization of $162.24 billion, a P/E ratio of 46.15, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. 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 data on Thursday, October 24th. The business services provider reported $3.89 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 the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.21 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SPGI shares. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets cut their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Barclays lifted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

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.