S&P Global Inc. (NYSE:SPGI) Shares Bought by Mayflower Financial Advisors LLC

Mayflower Financial Advisors LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 27.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 975 shares of the business services provider’s stock after acquiring an additional 210 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in S&P Global were worth $504,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Swedbank AB acquired a new position in shares of S&P Global in the 1st quarter valued at approximately $351,774,000. International Assets Investment Management LLC boosted its stake in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in S&P Global by 352.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock worth $206,669,000 after acquiring an additional 360,909 shares in the last quarter. Third Point LLC bought a new stake in shares of S&P Global in the 1st quarter worth about $142,526,000. Finally, Ameriprise Financial Inc. raised its stake in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPGI shares. Wells Fargo & Company boosted their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Bank of America upped their price target on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. 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 report on Wednesday, October 9th. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Price Performance

Shares of SPGI opened at $502.82 on Monday. S&P Global Inc. has a one year low of $385.38 and a one year high of $533.29. The firm has a market capitalization of $156.03 billion, a price-to-earnings ratio of 44.38, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The stock’s fifty day moving average is $511.07 and its 200-day moving average is $475.97. 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 announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.21 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is 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.