SageView Advisory Group LLC Lowers Position in S&P Global Inc. (NYSE:SPGI)

SageView Advisory Group LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,091 shares of the business services provider’s stock after selling 166 shares during the quarter. SageView Advisory Group LLC’s holdings in S&P Global were worth $1,597,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HWG Holdings LP purchased a new position in shares of S&P Global in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global during the third quarter valued at approximately $27,000. Sachetta LLC raised its stake 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 worth $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of S&P Global in the 2nd quarter valued at $31,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets decreased their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Morgan Stanley upped their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 1.2 %

NYSE:SPGI opened at $513.89 on Friday. 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’s 50-day moving average price is $509.41 and its 200-day moving average price is $487.26. The company has a market capitalization of $159.46 billion, a PE ratio of 45.36, a P/E/G ratio of 2.65 and a beta of 1.19. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during 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 quarter last year, the firm earned $3.21 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio 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.