KCM Investment Advisors LLC Purchases 184 Shares of S&P Global Inc. (NYSE:SPGI)

KCM Investment Advisors LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 1.4% during the third quarter, HoldingsChannel.com reports. The fund owned 13,091 shares of the business services provider’s stock after acquiring an additional 184 shares during the quarter. KCM Investment Advisors LLC’s holdings in S&P Global were worth $6,763,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after purchasing an additional 2,962 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of S&P Global during the 1st quarter valued at approximately $2,236,000. O Shaughnessy Asset Management LLC increased its position in shares of S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after purchasing an additional 6,162 shares during the last quarter. Nwam LLC increased its position in shares of S&P Global by 45.5% during the 1st quarter. Nwam LLC now owns 1,043 shares of the business services provider’s stock valued at $446,000 after purchasing an additional 326 shares during the last quarter. Finally, Banco Santander S.A. increased its position in shares of S&P Global by 38.9% during the 1st quarter. Banco Santander S.A. now owns 14,696 shares of the business services provider’s stock valued at $6,252,000 after purchasing an additional 4,114 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.7 %

Shares of SPGI stock traded down $3.62 during mid-day trading on Friday, hitting $507.02. The stock had a trading volume of 185,444 shares, compared to its average volume of 1,204,874. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $157.33 billion, a P/E ratio of 45.03, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. S&P Global Inc. has a 12-month low of $401.79 and a 12-month high of $533.29. The firm’s 50-day moving average is $510.62 and its two-hundred day moving average is $478.13.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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. The firm had revenue of $3.58 billion during 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% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 EPS. On average, analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. Barclays boosted their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Robert W. Baird upped their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Morgan Stanley upped their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

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.