Mill Creek Capital Advisors LLC Lowers Stake in S&P Global Inc. (NYSE:SPGI)

Mill Creek Capital Advisors LLC reduced its position in S&P Global Inc. (NYSE:SPGI) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 765 shares of the business services provider’s stock after selling 203 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in S&P Global were worth $395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. HWG Holdings LP purchased a new position in shares of S&P Global during the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at $27,000. Sachetta LLC lifted its stake 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 valued at $29,000 after buying an additional 30 shares in the last quarter. First Personal Financial Services purchased a new position in shares of S&P Global during the 3rd quarter valued at $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in shares of S&P Global during the 2nd quarter valued at $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

S&P Global stock opened at $503.29 on Monday. The company’s 50-day moving average price is $510.47 and its 200-day moving average price is $479.62. S&P Global Inc. has a twelve month low of $401.79 and a twelve month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $156.17 billion, a PE ratio of 44.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its earnings results 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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the firm posted $3.21 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, 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 declared 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. 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 is presently 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted 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. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Wells Fargo & Company lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Barclays lifted their price target 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. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price 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.