West Family Investments Inc. Buys 116 Shares of S&P Global Inc. (NYSE:SPGI)

West Family Investments Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 11.2% during the 3rd quarter, Holdings Channel reports. The firm owned 1,156 shares of the business services provider’s stock after purchasing an additional 116 shares during the quarter. West Family Investments Inc.’s holdings in S&P Global were worth $597,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Dupont Capital Management Corp lifted its position in shares of S&P Global by 27.1% during the first quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after purchasing an additional 6,025 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in S&P Global by 111.2% in the first quarter. Lake Street Advisors Group LLC now owns 4,698 shares of the business services provider’s stock worth $1,999,000 after purchasing an additional 2,474 shares in the last quarter. Natixis raised its stake in S&P Global by 26.9% during the 1st quarter. Natixis now owns 45,910 shares of the business services provider’s stock valued at $19,532,000 after purchasing an additional 9,735 shares during the last quarter. Natixis Investment Managers International increased its holdings in S&P Global by 26.5% in the 1st quarter. Natixis Investment Managers International now owns 434 shares of the business services provider’s stock valued at $185,000 after buying an additional 91 shares during the period. Finally, Ossiam grew its holdings in S&P Global by 196.0% during the 1st quarter. Ossiam now owns 43,349 shares of the business services provider’s stock worth $18,443,000 after acquiring an additional 28,706 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on SPGI. UBS Group raised 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. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Oppenheimer increased their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Royal Bank of Canada increased their price target 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. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 0.1 %

SPGI opened at $503.00 on Tuesday. S&P Global Inc. has a twelve month low of $407.53 and a twelve month high of $533.29. The firm’s 50-day simple moving average is $510.21 and its 200-day simple moving average is $480.23. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $156.08 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its 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 net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the company earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal 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 dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) 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.