S&P Global Inc. (NYSE:SPGI) Shares Acquired by Avestar Capital LLC

Avestar Capital LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,944 shares of the business services provider’s stock after acquiring an additional 143 shares during the quarter. Avestar Capital LLC’s holdings in S&P Global were worth $1,004,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock worth $2,798,000 after purchasing an additional 2,962 shares during the period. GDS Wealth Management grew its position in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in S&P Global by 4.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after buying an additional 1,405 shares during the period. BDF Gestion purchased a new position in S&P Global in the second quarter valued at $4,419,000. Finally, Blue Trust Inc. raised its position in shares of S&P Global by 140.7% in the second quarter. Blue Trust Inc. now owns 3,800 shares of the business services provider’s stock worth $1,617,000 after acquiring an additional 2,221 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their target price on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer raised their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their target price on 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. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Finally, Wells Fargo & Company boosted 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

SPGI stock opened at $521.96 on Wednesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $161.96 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 2.66 and a beta of 1.18. The business has a 50 day simple moving average of $509.20 and a 200-day simple moving average of $483.76.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the business earned $3.21 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a 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%.

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.