Geneva Partners LLC Buys Shares of 5,743 S&P Global Inc. (NYSE:SPGI)

Geneva Partners LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,743 shares of the business services provider’s stock, valued at approximately $2,845,000. S&P Global accounts for about 1.2% of Geneva Partners LLC’s portfolio, making the stock its 27th largest position.

Several other large investors have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in S&P Global by 107.2% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after acquiring an additional 2,962 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of S&P Global during the 1st quarter valued at approximately $2,236,000. O Shaughnessy Asset Management LLC increased its position in S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock worth $14,756,000 after purchasing an additional 6,162 shares in the last quarter. Nwam LLC lifted its stake in S&P Global by 45.5% in the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 326 shares during the last quarter. Finally, Banco Santander S.A. lifted its stake in S&P Global by 38.9% in the 1st quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock valued at $6,252,000 after purchasing an additional 4,114 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other news, Director Robert P. Kelly sold 7,662 shares of S&P Global stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the sale, 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 SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Bank of America upped their price target on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Royal Bank of Canada increased their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley upped 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. Finally, Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Up 0.5 %

SPGI opened at $485.77 on Tuesday. S&P Global Inc. has a twelve month low of $381.33 and a twelve month high of $533.29. The company has a fifty day moving average of $512.12 and a 200-day moving average of $474.13. The stock has a market cap of $150.73 billion, a PE ratio of 42.87, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

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 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the business posted $3.21 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Dividend Announcement

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

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.