Boston Family Office LLC Purchases 122 Shares of S&P Global Inc. (NYSE:SPGI)

Boston Family Office LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 0.2% in the third quarter, HoldingsChannel reports. The firm owned 52,392 shares of the business services provider’s stock after buying an additional 122 shares during the quarter. S&P Global accounts for about 1.8% of Boston Family Office LLC’s holdings, making the stock its 13th largest holding. Boston Family Office LLC’s holdings in S&P Global were worth $27,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dupont Capital Management Corp lifted its position in S&P Global by 27.1% in the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock worth $12,019,000 after buying an additional 6,025 shares during the last quarter. SVB Wealth LLC increased its stake in S&P Global by 47.4% in the 1st quarter. SVB Wealth LLC now owns 5,159 shares of the business services provider’s stock worth $2,195,000 after purchasing an additional 1,659 shares during the period. Silvercrest Asset Management Group LLC increased its stake in S&P Global by 31.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 10,713 shares of the business services provider’s stock worth $4,558,000 after purchasing an additional 2,567 shares during the period. Industrial Alliance Investment Management Inc. increased its stake in S&P Global by 2.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,130 shares of the business services provider’s stock worth $481,000 after purchasing an additional 30 shares during the period. Finally, Vancity Investment Management Ltd increased its stake in S&P Global by 20.5% in the 1st quarter. Vancity Investment Management Ltd now owns 52,598 shares of the business services provider’s stock worth $22,377,000 after purchasing an additional 8,934 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. UBS Group boosted their target price on 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 boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Stock Up 0.6 %

S&P Global stock opened at $514.46 on Monday. The business has a fifty day moving average price of $509.35 and a 200-day moving average price of $482.51. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. 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 stock has a market capitalization of $159.64 billion, a price-to-earnings ratio of 45.41, a PEG ratio of 2.63 and a beta of 1.18.

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 (EPS) for the quarter, beating the consensus estimate 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 business 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 posted $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.