S&P Global Inc. (NYSE:SPGI) Shares Acquired by Empirical Finance LLC

Empirical Finance LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,826 shares of the business services provider’s stock after purchasing an additional 391 shares during the period. Empirical Finance LLC’s holdings in S&P Global were worth $4,606,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SPGI. Creative Planning grew its stake in S&P Global by 5.7% during the 3rd quarter. Creative Planning now owns 38,386 shares of the business services provider’s stock worth $14,026,000 after buying an additional 2,056 shares during the last quarter. Integrated Advisors Network LLC grew its position in S&P Global by 9.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 822 shares of the business services provider’s stock worth $300,000 after purchasing an additional 68 shares during the last quarter. Hohimer Wealth Management LLC grew its position in S&P Global by 1.1% in the 3rd quarter. Hohimer Wealth Management LLC now owns 2,457 shares of the business services provider’s stock worth $898,000 after purchasing an additional 27 shares during the last quarter. Polar Capital Holdings Plc raised its holdings in shares of S&P Global by 9.8% during the third quarter. Polar Capital Holdings Plc now owns 32,201 shares of the business services provider’s stock valued at $11,767,000 after buying an additional 2,881 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.1 %

Shares of SPGI traded up $5.10 during midday trading on Friday, reaching $478.32. 1,322,478 shares of the stock were exchanged, compared to its average volume of 1,272,700. The company has a market cap of $149.67 billion, a price-to-earnings ratio of 53.54, a P/E/G ratio of 2.58 and a beta of 1.16. The firm has a 50 day simple moving average of $438.76 and a 200-day simple moving average of $433.10. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $481.17. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Research analysts forecast that S&P Global Inc. will post 14.16 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPGI. Oppenheimer boosted their price target on S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research report on Monday, July 1st. UBS Group upped their price target on shares of S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, June 21st. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $485.60.

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.