World Investment Advisors LLC Buys 126,980 Shares of S&P Global Inc. (NYSE:SPGI)

World Investment Advisors LLC increased its position in S&P Global Inc. (NYSE:SPGI) by 2,599.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,864 shares of the business services provider’s stock after purchasing an additional 126,980 shares during the quarter. World Investment Advisors LLC’s holdings in S&P Global were worth $68,124,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Hexagon Capital Partners LLC boosted its stake in shares of S&P Global by 90.2% during the second quarter. Hexagon Capital Partners LLC now owns 116 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 55 shares in the last quarter. Fermata Advisors LLC purchased a new stake in S&P Global during the second quarter worth $266,000. MJP Associates Inc. ADV boosted its position in S&P Global by 5.9% during the 2nd quarter. MJP Associates Inc. ADV now owns 748 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 42 shares in the last quarter. Czech National Bank boosted its position in S&P Global by 7.9% during the 2nd quarter. Czech National Bank now owns 60,999 shares of the business services provider’s stock valued at $27,206,000 after acquiring an additional 4,466 shares in the last quarter. Finally, Crestmont Private Wealth LLC raised its position in shares of S&P Global by 18.0% in the 2nd quarter. Crestmont Private Wealth LLC now owns 1,478 shares of the business services provider’s stock worth $659,000 after acquiring an additional 225 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley raised their price objective on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note 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 research note on Friday, September 13th. Finally, UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Up 0.5 %

NYSE:SPGI opened at $516.31 on Friday. 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 company’s fifty day moving average price is $509.41 and its 200-day moving average price is $487.26. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The firm has a market capitalization of $160.21 billion, a P/E ratio of 45.57, a PEG ratio of 2.66 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $3.21 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is currently 32.13%.

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.