OneDigital Investment Advisors LLC Reduces Position in S&P Global Inc. (NYSE:SPGI)

OneDigital Investment Advisors LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,020 shares of the business services provider’s stock after selling 122 shares during the period. OneDigital Investment Advisors LLC’s holdings in S&P Global were worth $5,693,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. HWG Holdings LP acquired a new stake in S&P Global during the second quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the third quarter valued at $27,000. Sachetta LLC boosted its stake 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 acquiring an additional 30 shares in the last quarter. First Personal Financial Services purchased a new position in shares of S&P Global during the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global during the second quarter worth about $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPGI. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company increased 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. BMO Capital Markets dropped their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Morgan Stanley increased their price objective on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Finally, 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 report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 1.4 %

SPGI stock opened at $503.29 on Friday. S&P Global Inc. has a 52 week low of $401.79 and a 52 week high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $156.17 billion, a P/E ratio of 44.42, a P/E/G ratio of 2.61 and a beta of 1.18. The company’s 50-day moving average price is $510.62 and its 200 day moving average price is $478.13.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.21 EPS. On average, research analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global’s dividend payout ratio is presently 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.