McIlrath & Eck LLC Has $50,000 Holdings in S&P Global Inc. (NYSE:SPGI)

McIlrath & Eck LLC decreased its position in S&P Global Inc. (NYSE:SPGI) by 21.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 97 shares of the business services provider’s stock after selling 26 shares during the period. McIlrath & Eck LLC’s holdings in S&P Global were worth $50,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new stake in shares of S&P Global in the second quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter valued at $27,000. Sachetta LLC lifted its stake in S&P Global by 103.4% in the 2nd 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 purchased a new stake in S&P Global in the 3rd quarter worth about $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in S&P Global during the 2nd quarter worth about $31,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. Barclays increased their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Morgan Stanley boosted 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. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Performance

NYSE:SPGI opened at $516.26 on Thursday. The firm has a market capitalization of $160.20 billion, a PE ratio of 45.57, a PEG ratio of 2.64 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. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $509.41 and its 200 day simple moving average is $489.53.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 earnings per share. On average, sell-side analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

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