Portfolio Design Labs LLC Takes $1.84 Million Position in S&P Global Inc. (NYSE:SPGI)

Portfolio Design Labs LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, Holdings Channel reports. The firm acquired 3,557 shares of the business services provider’s stock, valued at approximately $1,838,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. HWG Holdings LP bought a new position in S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the 3rd quarter worth about $27,000. Sachetta LLC boosted its holdings in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after buying an additional 30 shares during the period. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in S&P Global in the 2nd quarter valued at about $31,000. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays upped their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. 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 target price for the company. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Down 0.1 %

Shares of SPGI opened at $502.31 on Wednesday. The firm has a 50 day simple moving average of $509.86 and a two-hundred day simple moving average of $480.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a one year low of $407.53 and a one year high of $533.29. The company has a market cap of $155.87 billion, a P/E ratio of 44.33, a P/E/G ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS 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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm earned $3.21 EPS. S&P Global’s revenue was up 15.9% on a year-over-year basis. Research analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced 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 of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is currently 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.