Realta Investment Advisors Invests $951,000 in S&P Global Inc. (NYSE:SPGI)

Realta Investment Advisors acquired a new stake in S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,802 shares of the business services provider’s stock, valued at approximately $951,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. HWG Holdings LP purchased a new position in S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the third quarter worth approximately $27,000. Sachetta LLC increased its holdings in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the period. Hobbs Group Advisors LLC purchased a new stake in S&P Global in the 2nd quarter valued at $31,000. Finally, Voisard Asset Management Group Inc. boosted its stake in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. JPMorgan Chase & Co. decreased their price target 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. Finally, UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Price Performance

NYSE SPGI traded up $2.95 during mid-day trading on Friday, hitting $483.31. The stock had a trading volume of 940,345 shares, compared to its average volume of 1,200,037. The company has a 50 day simple moving average of $512.45 and a 200 day simple moving average of $472.74. The company has a market cap of $149.97 billion, a price-to-earnings ratio of 42.66, a P/E/G ratio of 2.50 and a beta of 1.18. S&P Global Inc. has a 52-week low of $365.00 and a 52-week high of $533.29. The company has a quick ratio of 1.03, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

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 analysts’ consensus estimates 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 last year, the business posted $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts forecast that S&P Global Inc. will post 15.16 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is presently 32.13%.

Insider Transactions at S&P Global

In related news, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total value of $3,687,567.36. Following the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.