Wetzel Investment Advisors Inc. Grows Holdings in S&P Global Inc. (NYSE:SPGI)

Wetzel Investment Advisors Inc. raised its position in S&P Global Inc. (NYSE:SPGI) by 19.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 503 shares of the business services provider’s stock after buying an additional 83 shares during the period. Wetzel Investment Advisors Inc.’s holdings in S&P Global were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new position in S&P Global in the second quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global in the third quarter valued at $27,000. Sachetta LLC increased its holdings in S&P Global by 103.4% in 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 in the last quarter. Hobbs Group Advisors LLC purchased a new position in S&P Global in the second quarter valued at $31,000. Finally, Voisard Asset Management Group Inc. increased its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now directly owns 15,830 shares of the company’s stock, valued at approximately $7,618,662.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by insiders.

S&P Global Stock Performance

NYSE:SPGI opened at $483.31 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 1.03. The firm has a market capitalization of $149.97 billion, a price-to-earnings ratio of 42.66, a PEG ratio of 2.47 and a beta of 1.18. The company’s 50-day moving average is $512.45 and its two-hundred day moving average is $473.62. S&P Global Inc. has a 1-year low of $365.00 and a 1-year high of $533.29.

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, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.21 EPS. Analysts forecast that S&P Global Inc. will post 15.16 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.75%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SPGI shares. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Evercore ISI started coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global 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.