Baron Wealth Management LLC Acquires 117 Shares of S&P Global Inc. (NYSE:SPGI)

Baron Wealth Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,988 shares of the business services provider’s stock after acquiring an additional 117 shares during the period. S&P Global accounts for about 0.5% of Baron Wealth Management LLC’s investment portfolio, making the stock its 25th largest position. Baron Wealth Management LLC’s holdings in S&P Global were worth $1,027,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. HWG Holdings LP bought a new stake in shares of S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the third quarter valued at approximately $27,000. Sachetta LLC raised its position in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of S&P Global during the second quarter valued at approximately $31,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $503.00 on Tuesday. The company has a market capitalization of $156.08 billion, a PE ratio of 44.40, a P/E/G ratio of 2.57 and a beta of 1.18. 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 company has a 50-day simple moving average of $510.21 and a two-hundred day simple moving average of $480.23. S&P Global Inc. has a one year low of $407.53 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 earnings per share. Research analysts expect 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. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Analyst Ratings Changes

Several research firms have recently issued reports on SPGI. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley raised their target price 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. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Company 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.